The slowdown of the US economic recovery (latest estimates 2.7-2.9% instead of 3.1-3.3%), and the debilitating effects of Greece’s uncertain bailout are the driving and opposing forces creating havoc and volatility in the current foreign exchange markets. The Federal Reserve confirmed that it’s second round of QE2 (“quantitative easing” – a $600 billion bond purchase… [Read more…]
February 7, 2011
Here are IMEX’s Monday Morning Suggestions. Start your week off by being informed. Thanks for using IMEX as your trusted source for International Foreign Exchange Information and Services. Joel Borshof President, IMEX 1) The present stabilization of the euro vs the US dollar on the foreign exchange markets are providing strength to the currency and… [Read more…]
December 6, 2010
1) A number of foreign exchange forecasters are expecting the Euro to fall against the US dollar in the new year… See article Euro’s Worst to Come as Best Forecasters See Crisis Spreading Bloomberg 2) The present additional Quantitative easing (QE2) may not be enough to support the economy and more may be necessary according to… [Read more…]
June 24, 2011
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