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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 [1]

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 [2]

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 [3]

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 [4]

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

Latest posts by Scott Boyd (see all [7])

Article printed from MarketPulse: https://www.marketpulse.com

URL to article: https://www.marketpulse.com/20090105/forex-news-and-rumors-50/

URLs in this post:

[1] More: http://www.bloomberg.com/apps/news?pid=20601087&sid=a_fkfHqmFMFE&refer=home

[2] More: http://www.bloomberg.com/apps/news?pid=20601087&sid=a4aKXHku_ULE&refer=home

[3] Morehttp://news.bbc.co.uk/2/hi/business/7811043.stm

[4] More: http://www.bloomberg.com/apps/news?pid=20601083&sid=axcbt7JXePjg&refer=currency

[5] Bio: #ts-fab-bio-below-477

[6] Latest Posts: #ts-fab-latest-posts-below-477

[7] Scott Boyd: https://www.marketpulse.com/author/scott/

[8] Japan’s Demographic Trap: https://www.marketpulse.com/20120625/japans-demographic-trap/

[9] Officials Talk Openly of Greek Euro Exit: https://www.marketpulse.com/20120516/officials-talk-openly-of-greek-euro-exit/

[10] Greek Voters Prepare to Roll the Dice: https://www.marketpulse.com/20120515/greek-voters-prepare-to-roll-the-dice/

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