Forex News and Rumors

Discussions Underway for a North America-Wide Carbon Cap System

Canadian Environment Minister Jim Prentice said today that Canada will review the Obama administration’s proposed carbon-emission cap trading system with the likely possibility of implementing a similar system for Canadian industries. More

Yen Decline Triggered by North Korea Missile Tests

The yen suffered its largest single-day loss in two months against the dollar as North Korea’s recent nuclear missile test has many investors worried about the future stability of the region. More

German Business Confidence Index Hits Six-Month High

The Ifo Index – which measures German business confidence – rose to 84.2 in May from 83.7 the month before. This is the highest the confidence index has reached in six months suggesting that optimism in Europe’s largest economy is growing. More

GM Borrows Another $4 Billion

On Friday, General Motors borrowed another $4 billion from the US Treasury to bring its total loan of public money to $19.4 billion. Insiders now say that bankruptcy is inevitable for the former number one auto maker with a likely filing date of June 1. More

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