Money Market News And Facts
The British Pound is perhaps one of the worst victims of the credit crunch, having fallen 25% against the USD in the year-to-date. According to analysts, hedge funds deserve much of the blame. Apparently, most hedge funds, including those that… (more…)
Volatility in forex markets has surged to unprecedented levels. In the words of one analyst, “Moves in the currency markets witnessed during just a few hours of trading…’are typically what we see in a quarter.’ ” The currencies of both… (more…)
The Australian Dollar has lost nearly 1/3 of its value (relative to the USD) over the last few months, as the credit crisis continues to drive investors away from areas perceived as risky. In other words, the best (and perhaps… (more…)
In a bold but perhaps necessary move, the Central Bank of Brazil recently announced an injection of $50 Billion into forex markets intended to stem the 30% fall in the value of the Brazilian Real that has taken place so… (more…)