As France is hosting G8 and the G20 this year, the Monday meeting was focused on reforming the world economy and preventing another global recession, particularly on the US dollar. Sarkozy considered the current model which uses the US dollar as the primary reserve currency as “unstable” and stressed that it “makes part of the [...]
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Shares gain, euro weak after Fed’s mixed signals
LONDON (Reuters) – European shares edged up but the euro eased on Wednesday after testimony from U.S. Federal Reserve Chairman Ben Bernanke that offered little guidance on whether the central bank was moving closer to new stimulus measures. Bernanke said on Tuesday that economic recovery was being held back by anxiety over Europe's debt crisis and the path of U.S.
Dollar Index Within 1% of Highest in Two Years Before Bernanke
The Dollar Index traded within 1 percent of a two-year high before Federal Reserve Chairman Ben S.