- Global recovery on more solid foundation this year
- European sovereign debt crisis could spread this year
- Emerging market faces risks from inflation, asset bubbles
- Countries should try to avoid competitive currency devaluations (they’re soooo funny)
- Global commodity prices still have room to rise in 2011
- Gold prices could reach new record, but also sees downside risks
Right, I thought a couple of those headlines were a little conflicting. The PBOC, in a report reviewing the performance of global financial markets, says the dollar is likely to trend downward this year, but adding that the European debt crisis could support it from time to time.
EUR/USD steadying after a mini swoon, Presently sits at 1.4175, to the pip where it was when I arrived around 3 hours ago.
Basically, cack…….
