The euro will keep rising and will likely end the year at up to $1.50, as the European Central Bank pursues a highly deflationary policy, despite buying euro-denominated bonds, economist Warren Mosler, founder and principal of broker/dealer AVM, told CNBC.com.
The latest employment data doesn’t bode well for Friday's widely followed jobs report. Can the rally endure if employers slash more jobs?
While countries have different reasons for devaluing their currencies, one of the common threads is a desire to keep up with the cost of goods from other export-driven nations.
If there is any lesson the Germans should have learnt from two lost wars and the Great Depression, then it is that they must avoid inflation.
US Treasury Secretary Timothy Geithner will call on emerging nations to show more flexibility on currencies in exchange for a greater say in international financial institutions, a Treasury official told CNBC Wednesday.
The head of the International Monetary Fund has warned that governments are risking a currency war if they try to use exchange rates to solve domestic problems, reports the Financial Times.
Every week without fail Lucy Elkin, a comfortably middle-class mother of two small children, receives a £33.20 child benefit payment, or about $52, from the debt-plagued British government, reports the New York Times.
If a global double dip happens, the downside on corporate junk is much more daunting than it is for sovereign debt.
Stocks are set to close out the third quarter with the best quarterly performance in a year, but traders are wondering what October will bring after September's record-setting performance and outsized moves in commodities, bonds and the dollar.
China is absolutely right in resisting calls from the U.S. to revalue its yuan, said Andrew Freris, senior investment strategist, Asia at BNP Paribas Wealth Management, noting that this is a "very U.S. dollar-centric" world.
Cramer doesn’t think so, but don’t be surprised if you see headlines trumpeting that message very soon.
In the present circumstances, analysts tell me the weaker dollar is probably 'good' for most Americans. We are battling the power of two nightmares: double dip and deflation.
This time of September is always one of the busiest but most exciting times of the year as fall in New York kicks off with a decidedly international flavor. Last week, New York was home to two important events: the opening of debate at the U.N. General Assembly and the annual meeting of the Clinton Global Initiative.
Traders are watching the slow drip of economic data for the next catalyst that could jolt the market out of its doldrums — in either direction.
aBSTRACT FOR POST
The question whether the single European currency will survive the current crisis is "silly", Otmar Issing, president of the Center for Financial Studies and a former ECB board member told CNBC.
Fault lines in Spain's fiscal health were "exaggerated" by markets, Spanish Prime Minister Jose Luis Rodriguez Zapatero told CNBC Wednesday, adding that a stiff set of austerity measures adopted by the country have already boosted investor confidence.
Demand may be strong for bonds issued by periphery euro-zone countries but those countries must restructure their debt at some point because yields are unsustainably high, two economists told CNBC Wednesday.
Ireland's four- and eight-year sovereign bond auctions saw strong demand, pushing the euro higher versus the dollar.
Investors are anxiously waiting for Ireland's auction of longer-term government bonds later Tuesday to see whether demand for periphery euro-zone debt is still going strong despite fears that gripped markets Friday.