US Dollar Seen as Safe Haven as Equities Continue to Lose
The US dollar completed its third straight week of gains against the euro as stocks around the world continued to lose value. More
Pound Gains on Interest Rate Cut Speculation
All but confirmed speculation that the Bank of England will lower interest rates for the second time in the past month helped the pound make modest gains against the dollar and the euro. More
Mexico’s Central Bank Buys Pesos to Stop Losses
The Central Bank of Mexico purchased $400 million USD worth of pesos today in response to continued devaluation of the peso – lower demand in the US for cars and other goods produced in Mexico is being blamed. More
Crude Gains 1.2 Percent
Production cuts introduced by OPEC in October stemmed the six-day long string of price cuts for oil as crude for December delivery rose $0.61 today to $50.03. More
