The Forex Capsule captures daily changes and the fundamental factors that are behind them. Inside, you will find economic releases from around the world, weekly charts, as well as analysis and expert commentaries. Each week’s data is “encapsulated” into easy to access archives designed for analyzing past market behavior.
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TIn NY volatile trading Monday, the dollar and yen rallied against other key currencies, while international stocks and commodity prices tumbled as the credit-market crisis and debt deflation worsened. Gold prices rose as the financial markets entered panic mood with European stocks down the most since 1987 and credit spreads at record levels. The Dow finished at 9955.50, below the 10,000 mark for the first time in four years, with the VIX at historic highs...
European governments rushed to shore up their faltering banks as the credit crunch continued to wreak havoc on financial institutions. A meeting of top EU leaders failed to hammer out a coordinated approach, two more firms needed to be rescued and stocks tumbled...
AUS Interest Rate Decision
Expected
Actual
6.5%
6.0%
October 6, 2008
The RBA slashed its benchmark interest rate by a full 1 percent at the conclusion of its meeting. It was the biggest cut since 1992. The move can be a precursor for moves by other central banks as they try and get a handle on the widening credit crisis. Asian stocks, especially in Australia, rebounded on the news...
