Forex News and Rumors – Afternoon Update

“Stress Tests” to Gauge Capacity of US Banks

US banking regulators are set to begin a series of “stress tests” to determine the overall health of the banks to determine further capitalization needs to help the nation’s largest banks weather a prolonged recession. More

BoE Member Says UK Recession Could “Intensify”

David Blanckflower – a policy maker with the Bank of England – said today that the UK recession may continue to “intensify” adding that it is too early to say when the economy may start to recover. More

US Sale of Previously-Owned Homes Falls 5.3%

Purchases of previously-owned homes in the US fell by 5.4 percent for the month of January to 4.49 million homes, the fewest since 1997. More

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