Daily Archives: May 21, 2012

Stronger US Data Required For Further US Dollar (USD) Strength

Posted on May 21, 2012 by

The recent risk-off tone has seen the USD strengthen last week, peaking at 81.758 on Friday, just below the January highs. The USD eased following corrective moves into the weekend. There were no firm conclusion from the G8 meeting over … Continue reading →

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EU Officials Explain An Austerity-committed Coalition The Only Option

Posted on May 21, 2012 by

Greece confirmed that it could not form a government this week and a fresh election has been set for 17 June. This has fanned fears that Greece could leave the currency union, with a range of scenarios being considered in … Continue reading →

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Eurozone Crisis Threatens to Crush UK Economic Recovery

Posted on May 21, 2012 by

George Osborne warns today that Britain faces “enormous risks” from chaos in the Eurozone, admitting that the government is preparing for the crisis to deepen. In a bleak assessment the chancellor voices fears that the turmoil in the European Union … Continue reading →

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