Market exchange rate

Based on market exchange rate/price; 2. Based on market price exchange rate/

Greek Office of the President on the 15th, the good offices of President Karolos Papoulias to form a new Cabinet efforts fail, Greece faces parliamentary elections once again. By convention, the next election in six mid- Office of the President, Karolos Papoulias, the GMT at 10:00 on the 16th to convene all the political parties, elected caretaker government, the ruling until the next election.

Greece re-election news a European market reacted negatively to the major stock indexes tumbled. In addition, the euro against the dollar accelerated decline after hitting 1.2750 first-line. Wells Fargo analyst Vasily plug heat Bridget A Kefu told the Associated Press reporter: “Now, the headlines of the Greek dominate today (the transaction).”

In the Greek public opinion polls, opposed to fiscal austerity, the left-wing radical Alliance Party leader, could become the largest party in parliament. If this party is the successful formation of the government, and Greece in the euro zone may be much time left. Greece’s departure may weaken market confidence in the euro to the euro area and the whole European economic turmoil.

Near one, the news spread like wildfire that Greece might leave the euro area. The 14th meeting of euro zone finance ministers refuted the claim, saying it is “malicious propaganda and nonsense”.

Source: Finance online - Financial Advice|Financial Planning

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When they are scratching their heads

2011-04-01 05:43:37 by causeimthesquid

Trying to figure out why the dollar is more valuable as wallpaper than as a currency....
Here's an interesting response that goes against the conventional wisdom of today:
In the 1990's Finland saw an economic recession break out, partly in response to the collapse of the Soviet Union (which represented ~20% of the nations export market). Private debt soared from 225% of GDP to over 350% GDP
Their response was counter to all of the advice being given in the US today: government budgets were cut, the debt was paid down, the unemployment rate dropped (maintaining a continued trend of lower unemployment for a decade) and their economy grew.
The banking system was NOT bailed out (suffering credit loses in excess of 15% total GDP), home prices fell by 50%, and the...

When those in charge are scratching their heads

2011-06-30 08:06:13 by causeimthesquid

Trying to figure out why the dollar is more valuable as wallpaper than as a currency.... Here's an interesting response that goes against the conventional wisdom of today:
In the 1990's Finland saw an economic recession break out, partly in response to the collapse of the Soviet Union (which represented ~20% of the nations export market). Private debt soared from 225% of GDP to over 350% GDP. Their response was counter to all of the advice being given in the US today:
government budgets were cut, the debt was paid down, the unemployment rate dropped (maintaining a continued trend of lower unemployment for a decade) and their economy grew.
The banking system was NOT bailed out (suffering credit loses in excess of 15% total GDP), home prices fell by 50%, and the...

Argentine CDS spiral on “peso-fication” fear  — Reuters Blogs
That has widened the gap between the official and the “black market” exchange rate. (see the graphic below from Capital Economics) While government officials have denied there is such a move afoot, Fernandez has not helped matters by exhorting people …

Malawi: International Monetary Fund and Govt Reach Understandings on a New ECF …  — AllAfrica.com
Moreover, the official exchange rate failed to anchor inflation expectations as a growing share of imports was being priced at the significantly depreciated parallel market exchange rate. "The new government has moved swiftly and boldly to change the …

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Rupee likely to slide further  — Hindu Business Line
A comparison of market exchange rate with that of PPP exchange rates suggests that the rupee is overvalued when economic growth is high, as was the case between 1994-97 and 2004-08. As growth slackened after 2008, the upwards bias to the rupee got …

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