Crude Prices Continue to Fall
Despite last Friday’s decision by the Organization of Oil Producing Countries (OPEC) to cut production in a bit to stem falling prices, crude continued to decline today.
Pound Struggles Against Dollar and Euro
The pound fell to $1.5620 today while closing at an all-time low against the euro.
IMF to Provide Assistance to Ukraine and Hungary
The IMF has agreed to provide $16.5 billion to the Ukraine and is expected to announce a similar package for Hungary.
G7 Preparing to Drive Down the Yen
Members of the Group of Seven (G7) nations may be considering a joint market intervention to prevent a further surge in the yen as the Japanese currency’s sharp rise threatens the world’s second biggest economy and other Asian economies.
