Submitted by Brandon Smith from Alt-MarketHow The U.S. Dollar Will Be ReplacedAfter being immersed in the world of alternative economic analysis for several years, it sometimes becomes easy to forget that most people do …
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Sudan set to devalue pound amid oil crunch: sources
KHARTOUM (Reuters) – Sudan, hit by an economic crisis since losing crucial oil revenues, will effectively devalue the pound by allowing foreign exchange bureaux to trade dollars at a level away from the official rate, a banking source and Sudanese media said on Friday. Sudan's economy has been battered since the country lost three-quarters of its oil production to South Sudan when the latter …
Euro / Swiss Franc – 17/05/2012 05:49 GMT
The dollar is evenly mixed this morning against its major counterparts as the continued stream of positive economic data out of the US offsets some of the ongoing European fears.