UK Plans for 5 Billion Pound Bond Sale
The British government plans to sell up to 5 billion pounds ($8.2 billion) worth of bonds this week to provide funding for additional economic stimulus packages. More
Dollar Gains on Vote of Confidence
The dollar rose this morning after Russian finance minister Alexei Kudrin said that the dollar would not be replaced as the world’s reserve currency. Earlier in the year, both Russian and China suggested that the dollar should be replaced with a basket of currencies. More
Bank of Canada May Buy Bonds to Weaken Currency
Suggesting that the strengthening Canadian dollar could stall economic recovery, Bank of Canada Governor Mark Carney may resort to quantitative easing in the form of buying bonds to offset the Canadian dollar’s recent surge. More
Crude Prices Fall on Strengthening Dollar
Oil prices retreated 94 cents to $71.10 a barrel as investors turned to a strengthening dollar. More
