The Mexican peso is poised for volatility during the upcoming years while financial markets throughout the world are uneasy in the face of the sovereign debt crisis, Bank of Mexico deputy governor Manuel Ramos Francia told Bloomberg late last week. Latin America's most traded currency will be volatile for years rather than months, he told… Read more.
Inflation will slow this quarter and the economy's growth might not climb as high as forecast and even Latin America's most traded currency faces the prospect of increasing in value, the central bank chief of Mexico told Bloomberg during an interview. The Mexican peso might advance close to 12 per dollar, where the monetary unit… Read more.
Restricted supplies helped drive up the price of crude oil futures on Tuesday, according to published reports. The energy commodity pushed higher than $91 per barrel as a strike among Norwegian oil workers posed a serious threat of cutting down on supplies from the North Sea, Reuters reports. The warring sides are unlikely to resolve… Read more.
The price of crude oil dropped in value on Monday amid concerns about European leaders being unable to control the sovereign debt crisis, according to Bloomberg. A warning issued by billionaire investor George Soros also deepened preoccupations about the debt scourge tearing through the euro zone. Soros said that if regional leaders are unable to… Read more.
This is a sample entry from Craig Turner’s weekly market analysis newsletter, Turner’s Take. IN THIS ARTICLE: Macro Markets: G-20 urges Europe to take “all necessary policy measures” EURO: Bounces will be short lived EMINI S&P 500: We may be range bound from 1275 to 1425 for the rest of 2012. We like selling the… Read more.
Greece looks to have made it through the weekend, with the center-right and pro-bailout New Democracy party winning the parliamentary election there by a narrow margin over the feared Syriza party. A Syriza win would have put an anti-Euro party into leadership. Greece elected a party that will continue to play ball with the European… Read more.
The Canadian dollar lost value Monday against its U.S. counterpart as the commodity-based monetary unit tracked the downward tack of crude oil futures, according to Bloomberg. Also weighing on the loonie is economic data indicating the reduced pace of economic growth in Canada, host of the globe's 10th-largest economy, is on the wane. Though the… Read more.
Oranges, grown on trees, are widely cultivated in tropical and subtropical climates for the sweet fruit. Oranges are peeled or cut (to avoid the bitter rind) and eaten whole, or processed to extract orange juice, and also for the fragrant peel.
Development and growth are in peril but Mexico's central bank left interest rates intact on Friday at 4.5 percent, Reuters reports. But the Banco de Mexico also noted concerns about inflation are strong as the peso loses value. Latin America's most traded currency was coming off 0.3 percent losses on Thursday, which were spurred by… Read more.
The world's seven financially healthiest nations will advocate for the euro zone countries victimized by the voracious sovereign debt crisis, according to those nations' leaders who partook in the Tuesday teleconference. Bloomberg reports finance ministers and central bank governors agreed to manifest a coordinated defense for the beleaguered nations. Two debt-hobbled nations, Spain and Greece,… Read more.