US Unemployment Rate Tops 8.5%
The US Labor Department released the latest unemployment figures this morning and the news continues to be grim. Unemployment in March jumped to 8.5 percent and there are now 13.2 million people unemployed in the US. More
Yen Loses Ground to the Dollar
The yen fell to 99.74 per US dollar on Friday with one analyst at Deutsche Bank AG in London suggesting that it could fall as low as 110 yen to the dollar inside of a few months. More
Royal Bank of Canada Recommends Long Aussie Dollar
The Royal Bank of Canada released a communication today advising clients that the Australian dollar and the Norwegian Krone are both likely to gain on the New Zealand dollar. In the bank’s view, the Reserve Bank of Australia and Norges Bank have both been more effective in their respective monetary policies than New Zealand. More
Stock Futures Rise Ahead of Friday’s Market Opening
As the G20 leaders wrapped up the London summit after pledging to make a more coordinated effort to fight the global recession, stock futures rose overnight pointing to a continuation of the market rally. More
