US Dollar Benefits from Obama’s Fiscal Plan
The dollar made gains on most of the major currencies on speculation that President-elect Barack Obama’s fiscal stimulus plans will provide the environment needed to help the country recover from the ongoing recession. More
Aides to Mr. Obama recently stated that up to 40 percent of the value of the new administration’s stimulus package could come in the form of tax relief measures. More
Crude Oil Prices Set to Rise Over Growing Mid-East Tensions
Crude oil prices in London rose again this morning over concerns that the conflict in Gaza could escalate and disrupt oil supplies in the region. More
UK Sterling Gains on Euro as UK Likely to Guarantee Asset-Backed Securities
Investors rewarded the pound today as it looks increasingly likely that the UK government will guarantee asset-backed securities in a bid to boost bank lending. More
