Posted on Wednesday, July 27th, 2011 at 8:21 am.
No new news for the US Dollar is bad news as the August the 2nd deadline edges ever nearer. The White House and Congress are at loggerheads over the raising of the US national debt ceiling and just how to do it. US President Barack Obama has called the Republicans both “Reckless and irresponsible”, this [...] Read More...
Posted on Tuesday, July 26th, 2011 at 11:19 am.
The US Dollar still remains under pressure as the US have still failed to reach an agreement on raising the national debt ceiling. A resurgent Euro is capitalising after last week’s agreed bail out of Greece and the Dollar looks set to remain under pressure in the very short term. The White House commented yesterday [...] Read More...
Posted on Monday, July 25th, 2011 at 11:30 am.
Another day, another downgrade, seems to be the way things look at the moment. Greece has yet again been downgraded and leading ratings agencies are suggesting that a Greek default is as close to 100% as possible. This may lead to the Euro coming under pressure in the not too distant future, but after last [...] Read More...