News


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30
Jun

Greece Staggers Into Economic Unknown With Bailout Expiring


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Greece is staggering deeper into the economic unknown, saying it will miss a payment to the International Monetary Fund today and preparing to exit the protection of Europe’s bailout regime at midnight. As Greek Prime Minister Alexis Tsipras hardened his rhetoric, European leaders offered the same deal he rejected on Saturday...


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27
Jun

Greece’s Tsipras Calls July 5 Referendum on Bailout Demands


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Greek Prime Minister Alexis Tsipras called a referendum on whether he should accept the latest demands of the country’s creditors, the most dramatic move yet in a debt crisis that started five years ago. Greek ministers, including the defense chief, joined the fray, urging the country of 11 million...


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23
Jun

Euro Falls as Attention Shifts to Policy Divergence From Greece


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The euro fell for a third day against the dollar amid speculation monetary policies in the U.S. and Europe will diverge, weakening the currency even if Greece reaches a debt deal with its creditors. The single currency slid against all except one its 16 major peers as Goldman Sachs...


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18
Jun

Traders Look to Yellen to Reinvigorate U.S. Dollar


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Investors are looking to Federal Reserve Chair Janet Yellen to breathe life back into the dollar, after the currency’s latest attempt at a comeback fizzled this month. Bloomberg’s dollar index has slumped 1.4 percent in June as investors watch for signs the Fed remains on track for its first...


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14
Jun

Fed Watch Spurs Higher Volatility as Stakes Increase for Dollar


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Dollar bulls and bears are united on one thing: next week’s Federal Reserve meeting will dictate the path of the U.S. currency. Price swings by the greenback versus the euro reached the highest level since January, raising the stakes for central bank policy makers who have acknowledged a strong...


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04
Jun

Australian Retail Stagnates as Trade Deficit Blows Out to Record


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Australian retail sales stagnated and the nation’s trade deficit blew out to a record in April, in a challenge to a central bank trying to spur an economic recovery. The currency slumped half a U.S. cent as sales were little changed from a month earlier, when they rose a...