Forex News and Rumors

Yen Gains on Dollar – Delays to US Stimulus Plan Blamed

Delays to a Senate vote on President Obama’s stimulus bill saw the dollar drop against the yen in trading this morning. More

Recession to Be Worse Than Originally Expected

The Financial Services Authority said today that the recession facing the UK is likely to be deeper in scope and will probably take longer to reverse than originally expected. More

Stocks Expected to Open Lower After Last Week’s Gains

Analysts are predicting a lower opening on Wall Street this morning after gains last week and remaining questions surrounding the timing of President Obama’s stimulus package. More

Nissan to Cut 20,000 Jobs

Nissan’s announcement that it will be laying off 20,000 workers provides further evidence of the desperation facing the global automotive industry. The cuts represent about 8.5 percent of the company’s workforce. More

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