The Wall Street Journal has some great G20 graphics comparing how much stimulus the countries have announced, the current and projected outlook for GDP, as well as the degree of CPI and debt. Definitely check it out. Click on the image to access the interactive charts:

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This morning, the Financial Times released a draft of the G20 communique or “statement” that will be unveiled on Thursday (below). It contained no new fiscal stimulus or comment on currencies.
This exacerbated the rally in the U.S. dollar which was already shooting higher on the fear of GM or Chrysler bankruptcy. Trouble [...]

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Signs of stability in the US manufacturing sector has failed to turn around the market’s risk appetite. Although the US dollar has weakened marginally against all of the major currencies, if US stocks continue to sell off, we could see the dollar regain strength.
Will the US government allow GM to fail?
The [...]

Posted in Bank of England, British Pound, Carry Trades, ECB, Fed Rate Cut, Forex News, US Dollar, consumer spending, coordinated rate cuts, dollar earnings, dollar rally, ecb rate cut, eur/usd, forex blog, g20 meeting dollar, obama dollar, usd/jpy 2 Comments »