Forex News and Rumors

Euro Gains on German Aid

The euro gained on the dollar in early trading this morning on speculation that Germany will implement its own stimulus plans to turn around the Euro Zone’s largest economy. More

Obama Visits Canada on First Foreign Visit as President

Barack Obama chose to follow tradition making Canada his first official visit as President. Topics to be discussed with Canada’s Prime Minister include growing fears of ” Buy America” protectionism written into the recently-enacted stimulus bill, measures to keep trade flowing between the two countries, clean energy technology, and the war in Afghanistan. More

Bank of Japan Holds Line on Interest Rates

The Bank of Japan has left interest rates unchanged at 0.1 percent and promises to provide more quantitative easing to help the country through its worst recession in decades. More

British Taxpayers Could Pay £1.5 Trillion to Save RBS and Lloyds

Final costs to save the Royal Bank of Scotland and Lloyds TSB could add up to £1.5 trillion to Britain’s public debt already at a staggering £42.5 billion. More

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