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The eurozone recession is having a somewhat unexpected effect on the periphery nations' current accounts. As was the case with Portugal (see this discussion), the eurozone periphery has eliminated its trade deficit.
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over 4.5% from a peak of 160.2 at the start of trading on Monday. Behind the pair's rise is a...
The British Pound is in positive territory on Friday. GBP/USD is trading at 1.2555, up 0.16% at the time of writing.UK Services PMI Hits 11-Month HighThe service sector accelerated...
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