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NYSE Market Information  > Bond Market  >  Monetary Policy  > Banking  Portal  > Money & Financing Rates

Global Financial Markets:
OIL  USD $71.49 GOLD  USD $768.60 S&P 500 USD
996 		EURO
 USD
1.316
U.S. Dollar Strengthens While Credit Worries Persist.
[Most Recent Exchange Rate from www.kitco.com]
Reverberations stemming from the collapse of Lehman Brothers and AIG, central bank policy changes, and the U.S. election are being felt across global markets. Oil is down, and financials have stabilized somewhat after heavy unprecidented downward pressure. European and Asian market contraction followed U.S. markets direction. Today Citigroup shares dropped 11%, RBS followed down 10% as HSBC was down a massive 24%. European stocks were hammered, with the FTSE and DAX shedding 3.4% each. Some analysts expect The Bank of England to lower rates. The Japanese yen is holding and the currency is trading in the 106 $USD range. In China markets are caving to uncertainty - further evidence that the US subprime problems are spreading globally. LIBOR (London Interbank Offered Rates) to Treasury interest rate spreads are increasing, indicating that banks are asking a greater risk premium in order to advance funds to their peers overnight. Barclays Capital is estimating the mix of currencies for a UAE international "basket" to take the form of 33% EUR, 33% Asian trade-weighted currencies (whose rates are still heavily linked to the USD) and 33% related directly to the USD itself. Thus, the UAE central bank could be a FX buyer of as much as 7 billion EURUSD.  The UAE has moved away from a USD peg.  
U.S. Federal Reserve Minutes  - Economic Release Calendar
Political debates spawn needed dialogue on economy.

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