23/07/ · It resulted in several bank failures in the US and Europe and sharp reductions in the value of stocks and commodities worldwide. On October 24, , many of the world's stock exchanges experienced the worst declines in their history, with drops of around 10% in most indices Last week, the Forex Blog recounted what happened across forex markets in , in all of its drama. Now, we would like to offer a nice counterpoint, in the form of the major themes expected to dominate forex headlines in , courtesy of Dow Jones. The list The Dow would plummet 3, points from its Sept. 19, intraday high of 11, to the Oct. 10, intraday low of 7, The following is a recap of the major U.S. events that unfolded
Financial crisis of – - Wikipedia
Last week, the Forex Blog recounted what happened across forex markets inin all of its drama, forex in 2008 what happened. Now, we would like to offer a nice counterpoint, in the form of the major themes expected to dominate forex headlines incourtesy of Dow Jones. The list includes eight distinct themes, though there is some overlap. Three of the themes pertain directly to the USD, forex in 2008 what happened, which is the currency most worth watching in the upcoming year.
The fundamentals bode well for the Dollar; the economy has not suffered from the credit crunch nearly as much as economists feared; the cheaper currency has boosted exports; foreigners have proven surprisingly willing to finance the twin deficits. Then, forex in 2008 what happened is inflation, which has reared its forex in 2008 what happened head in the US as well as abroad.
Foreign Central Banks, especially in Asia, may have to tighten monetary policy in order to maintain price stability. Those countries with already-high interest rates, such as Australia and New Zealand, are expected to keep rates high. The next theme, accordingly, is the carry trade, which should continue its run due to the aforementioned high interest rates. Next is China, which will be watched on two fronts: its economy and its currency, both of which are expected to continue rising.
The final two themes pertain especially to the Middle East: currency pegs and Sovereign Wealth Funds. As the Dollar declined inseveral nations in the Mid East mulled the possibility of de-linking their respective currencies from the Dollar, but thus far, the status quo has obtained.
Sovereign Wealth Funds also made a big splash in with several high-profile investments in the US, implicitly underscoring their their commitment to the Dollar. They represent a growing force in global capital markets, and will be watched vigilantly in View the Complete List Here.
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Forex exchange rates depend on many factors like monetary policy, currency inflation, and geo-political risks that may not be forseen.
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How 2008 Will Happen Again
, time: 15:41Forex Themes for | Forex Blog
The Dow would plummet 3, points from its Sept. 19, intraday high of 11, to the Oct. 10, intraday low of 7, The following is a recap of the major U.S. events that unfolded Some developments after did have a great impact on the Forex market. Take for example the record-low interest rates among the major currencies, this is a direct result of central banks trying to spur economic growth after the financial crisis October 14, Having been suspended for three successive trading days (October 9, 10, and 13), the Icelandic stock market reopened on October 14, with the main index, the OMX Iceland 15, closing at , which was about 77% lower than the 3, at the close on October 8, after the value of the three big banks, which had formed % of the value of the OMX Iceland 15, had been set to zero, leading
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