Yen Advances Against Dollar
G-20 Calls for Interest Rate Cuts and Increased Spending
As the threat of a global recession looms, members of the G-20 meeting in San Paulo called for more interest rate cuts and increased government spending to fend off slowing economies.
Australian and New Zealand Dollars Advance on News of China’s Recovery Plans
Both the Australian and New Zealand dollars gained today after China announced nearly $600 billion in spending plans to boost its economy. As key exporters to China, Australia and New Zealand are expected to benefit from increased production. More
Oil Rebounds After China Announces Recovery Plans
The price of crude rose by a dollar a barrel today on news that China’s government will spend $586 billion over the next three years with some of this money earmarked to development projects that could lead to increased demand for energy. More
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