The Geithner Plan Day!
Feb 10th, 2009 | By Chuck Butler | Category: Financial News, US Dollar & Forex TradingTalking stimulus again… Currencies rally, then sell off… Aussie Business Confidence slumps… The Mogambo on Gold… And Now… Today’s Pfennig!
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Talking stimulus again… Currencies rally, then sell off… Aussie Business Confidence slumps… The Mogambo on Gold… And Now… Today’s Pfennig!
Another currency rally…. Bank of Canada cuts 75 BPS!… A Santa rally?… What Asia thinks… And Now… Today’s Pfennig!
Japan and the US said they would use the World Trade Organization to overturn European Union tariffs on consumer technology items such as computer screens, multifunctional printers and TV set-top boxes capable of accessing the Internet.
“The EU should be working with the United States to promote new technologies, not finding protectionist gimmicks to apply new duties to these products,” US Trade Representative Susan Schwab said to Thomson Reuters.
In the currency market, the dollar was sharply higher against the euro. Late Wednesday, the euro was trading at $1.5404 vs. $1.5525 on Tuesday.