ECB to change dollar’s direction?… BOE leaves rates unchanged… The worst is not over in US housing… Japan’s government signals expansion is over.. And Now… Today’s Pfennig!
While communist China is busy smashing protests in occupied Tibet, the country’s currency, the renminbi, is making record gains agains the US dollar.
What a strange economy Australia has. A country in the midst of a record boom still manages to run a trade deficit. Yesterday, the Australian Bureau of Statistics reported that the February trade deficit blew out by 30%, from a revised $2.59 billion in January to $3.29 billion in February.