The euro zone was launched on a wing and a prayer. The wing has fallen off and the deities are not listening to prayers. Everyone focuses on averting a crash. But it is as vital to ask how to fly securely, the FT reports.
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Growth-linked currencies such as the Australian, New Zealand and Canadian dollars could see fresh selling if Federal Reserve Chairman Ben Bernanke disappoints investors banking on more monetary stimulus to support the slowing U.S. economy.
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In Thursday's trading, the market will focus on weekly jobless claims and fully digest the Fed news. But buckle up: With earnings season around the corner, some pros say it's going to be a bumpy ride.
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China's currency, the yuan, is expected to outrank the British pound to become one of the three most favored international trade settlement currencies in the latter half of this year, the Caixin reports.
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What is one to make of recent economic data, particularly in the advanced countries? Is the world economy slowing? If so, should policy do anything about it and, if so, what might the alternatives be? The FT reports.
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