News
Bloomberg | Franc, Yen Rally as Debt Impasse, Moody’s Spain Review Spur Refuge Demand
The dollar erased its gain against the euro, fell to a record versus the Swiss franc and approached a postwar low against the yen as America’s economy grew last quarter less than economists forecast. The Canadian and Australian dollars were the worst performers against the greenback as investors spurned higher-yielding assets.
Bloomberg | European Inflation Unexpectedly Slows to 2.5%
The inflation rate in the 17-nation euro region declined to 2.5 percent from 2.7 percent in the previous month, the European Union’s statistics office in Luxembourg said today in an initial estimate. Economists expected price growth to hold steady, the median of 31 forecasts in a Bloomberg News survey showed.
Blogs
Financial Times | America’s success depends on a sound fiscal regime
It is imperative, for both the nearer term and the longer term, that we meet the deficit commission’s goal of $4,000bn of deficit reduction over roughly 10 years, which would first stabilise and then begin to reduce our debt to gross domestic product ratio.
