Tag Archive for Currency

Spain suffers as sentiment sours post-Greek election | Reuters

(Reuters) – Spanish bond yields hit a new euro-era high above seven percent and Italian yields jumped on Monday as initial relief after a pro-bailout victory in Greek elections gave way to pessimism about the huge problems still facing the currency bloc. The swift reversal in sentiment saw German Bund futures rise, quickly erasing early…

Consumer Sentiment Stinks – WSJ

The Thomson Reuters/University of Michigan consumer sentiment index fell sharply to 74.1 in early June from its final-May reading of 79.3 and an early-May reading of 77.8, according to an economist who has seen the report. The end-May index was the highest sentiment level since October 2007. The drop in early June may reflect consumers…

Taleb Says Euro Breakup ‘Not a Big Deal’ as U.S. Scariest – Bloomberg

Nassim Taleb, author of “The Black Swan,” said he favors investing in Europe over the U.S. even with the possible breakup of the single European currency in part because of the euro area’s superior deficit situation. Europe’s lack of a centralized government is another reason it’s preferable to invest in the region, said Taleb… A…

US says China not manipulating ‘undervalued’ yuan – Full Story

US says China not manipulating ‘undervalued’ yuan (via AFP) The United States said Friday that China’s tightly managed currency remains “significantly undervalued” but Beijing was not manipulating the yuan to gain an unfair trade advantage. The US Treasury Department said it had concluded that China had not met the standards for manipulation but that it…