01 Sep, 2008
Posted by: ozkan In: credit| credit card| finance| insurance
The dollar fell on Monday, following promising performance after optimistic US housing and consumer data last week. Investors are still wary about the fragility of the US economy opting to play it cautious, as an onslaught of economic data that is released this week.
Oil prices were also a factor in the dollar’s slump, as crude [...]
01 Sep, 2008
Posted by: ozkan In: credit| credit card| finance
The US dollar steadied on Monday, after losing ground on gains made on Friday due to strong US job data. Oil price rises prompted investors to sell over the weekend in favour of higher-yield currencies, but levelled out on Monday as traders wait for Central Bank data this week.
Analysts expect that the euro and dollar [...]
UK bank Northern Rock, this week announced that it had made larger than expected losses due to mortgage borrowers not being able to repay loans. The bank which was nationalised by the government in February after financial problems, made a loss of £585.4 million during the first six months of 2008.
Most of the losses were [...]