Forex News and Rumors

US Dollar Benefits from Obama’s Fiscal Plan

The dollar made gains on most of the major currencies on speculation that President-elect Barack Obama’s fiscal stimulus plans will provide the environment needed to help the country recover from the ongoing recession. More

Aides to Mr. Obama recently stated that up to 40 percent of the value of the new administration’s stimulus package could come in the form of tax relief measures. More

Crude Oil Prices Set to Rise Over Growing Mid-East Tensions

Crude oil prices in London rose again this morning over concerns that the conflict in Gaza could escalate and disrupt oil supplies in the region. More

UK Sterling Gains on Euro as UK Likely to Guarantee Asset-Backed Securities

Investors rewarded the pound today as it looks increasingly likely that the UK government will guarantee asset-backed securities in a bid to boost bank lending. More

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