Adam Myers, European head of FX strategy at Credit Agricole CIB, says the cost of dollar funding, on which many emerging markets rely, is going up and this is causing the sell-off in emerging market currencies.
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CNBC's Rick Santelli takes a look at why the disappointing durable goods number may contain some encouraging data, and why investors should pay attention to inter-currency relationships.
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While derivatives themselves carry risks and financial scandals have tarnished their image, many companies still use futures contracts, swaps, collars, and other hedging instruments to minimize volatility in their cost of doing business.
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The cost to Germany of leaving the euro could reach €8,000 for each adult and child in the country and spell disaster for the global economy, according to economists at UBS.
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Australia's economy may be the envy of debt-laden Europe and the United States but the rising cost of living in Australia, with Sydney alone one of the world's most expensive cities, is a brewing political storm for Prime Minister Julia Gillard.
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The lack of world peace affects the economy by trapping productivity and removing vital resources, according to an international research institute which also put the cost of global violence at $8.1 trillion last year.
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