US Dollar Role Uncertain As Risk Appetite Meets Depression Potential
How often has the term ‘depression’ been used to describe the conditions in the US and global economies? What are the symptoms of this infrequently experienced economic storm? These are the questions that will shape the dollar’s future not just a week ahead but for months to come. DailyFX provides the latest in forex trading news.
Industrial production in U.K. marked its worst streak since 1980 as the outputs dropped another 1.0% in February after sliding 2.7% in the previous month. Weakening demands from home and abroad lowered the annualized reading in January, with the largest annual decline since the series began in 1949.
Central banks surveying the post-crisis landscape will undoubtedly sift the rubble for evidence of their own mistakes. The charge is well-known: by allowing money to be too easy for too long, central banks created an asset price bubble that has now burst, with familiar consequences.