Jeffrey Halley, Senior Manager, FX Trading at Saxo Capital Markets says with the end of "free money" from the developed world, emerging markets will not have the firepower to hold up their currencies against the greenback.
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With Europe’s debt crisis keeping markets on tenterhooks, it’s not surprising that the Australian dollar – widely considered as a barometer of the health of the global economy – bore the brunt of investor panic in recent weeks.
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Switzerland's government will unveil a 1.5 billion Swiss franc ($1,9 billion) package to help the country deal with the strong currency when it meets later on Wednesday, a Swiss newspaper reported.
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An outlook on where oil prices are headed, with Joe Petrowski, Gulf Oil CEO, who also comments on the economy by saying higher interest rates are needed in order to strengthen the U.S. dollar.
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