“People have called off the revaluation bet. This move is trying to reinforce that by making it less desirable to buy the dinar”

The central bank cut the repo rate by 25 basis points to 5.50 per cent, making it cheaper for Kuwaiti banks to borrow money for one week from the central bank, which could put more dinars on the market and … via The Peninsula

Original post by The Peninsula

“At the moment we’re in the middle of a three to four week range”

THE dollar opened higher this morning as carry traders flocked back to high interest rate currencies. via News.com.au

Original post by News.com.au

“That’s why … there needs to be some responsibility all the way through the chain.”

Via Thomson Dialog NewsEdge) WASHINGTON _ After the requisite finger-pointing and blame-laying, Congress and federal regulators are moving toward some fixes to problems in the subprime mortgage market, a … via Customer Interaction Solutions

Original post by Customer Interaction Solutions

With the Dow hitting new highs almost daily, the market has been fun lately. Many stocks have already scored big gains this year, and it’s tempting to try to get in on the action. via San Francisco Chronicle

Original post by San Francisco Chronicle

Business Sensex climbs 216 points, regains 14k level Mumbai, May 14 : The stock market opened firm today with the Bombay Stock Exchange benchmark Sensex climbing over 215 points to regain the 14,000 level on … via The Hindu

Original post by The Hindu

“The better opportunities at this point would lie in foreign stocks that are more tied to domestic economies outside the U.S.”

Whether they build savings by squirreling away money in mutual funds or mattresses, a wide range of investors face a common enemy: a weakening dollar. via New Haven Register

Original post by New Haven Register