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 Foreign Exchange Markets 2010 Part 3: Shaw Capital Management- Foreign Exchange Markets 2010 Part 3: Shaw Capital Management
- September 15, 2010
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The recent State of the Union message to Congress by President Obama included a request for the approval of a further fiscal stimulus package this year amounting to around $100 billion to help to tackle the unemployment problem, and he has also presented a $3.8 trillion budget for fiscal 2011 that is likely to maintain the overall deficit around the $1.35 trillion level expected this year.
Foreign Exchange Markets 2010 Part 3: Shaw Capital Management - Much will depend on the attitude of overseas holders, and especially on the attitude of the Chinese and Japanese authorities. For the present they seem to be prepared to maintain and even increase their dollar exposure; and if this continues, and the problems of other major currencies remain unresolved, it should be enough to allow the dollar to "improve". The euro struggled to recover in the early part of January from the big fall ...
- View more at: http://www.1888pressrelease.com/foreign-exchange-markets-2010-part-3-shaw-capital-managemen-pr-240689.html
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