Bankers have indicated that the recent rise in the cost of the US dollar to over EGP 7.25 is a temporary crisis which will soon be remedied through the use of flexible controls available to the Central Bank.
Policymakers in Beijing must be feeling warm and fuzzy these days. For years, they have railed against the dominance of the U.S. dollar in global trade and finance, complaining that it leaves the world at the mercy of erratic Washington politics and ...
U.S. stocks rose, extending the biggest rally in four weeks for the S&P 500 Index. Fed policy makers will probably begin reducing $85 billion in monthly bond buying at the Dec. 17-18 meeting, according to 34% of economists surveyed on Dec. 6 by Bloomberg.
The US Dollar managed to recover some ground against the Pound and Euro following the release of data which increased expectations that the Federal Reserve will begin scaling back its monetary easing programme.