Tim McCullough, technical strategist at Lloyds Bank Commercial Banking, says that gold could see a long-term rise after its recent rout, despite a stronger U.S. dollar.
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Fund managers are more bullish on the dollar than ever before, with a record number expecting the greenback to strengthen in the next 12 months.
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A sharp rise in China's yuan currency might cut the U.S. trade deficit by as much as one third and* create enough American jobs to put at least a modest dent in the unemployment rate.*
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France's top banks are bracing themselves for a likely credit rating downgrade from Moody's, sources close to the situation said, further complicating their efforts to assure investors they are riding out the tensions in funding markets.*
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