Monthly Macro Highlights
- A Softer Landing for Europe. The European Union (E.U.) reached an agreement to bailout Greece, while Germany's economy continues to evade a recession. But several key risks remain on the horizon that could derail the euro's temporary high.
- U.S. Recovers, Dollar Doesn't. The United States (U.S.) economy appears to be picking up steam, with lower unemployment, higher consumer confidence and a great PMI reading. However, the Federal Reserve is still keeping a dollar rise at bay.
- Japan Faces Some Big Hurdles. Asian currencies have gained ground amid the turmoil in the West, with the notable exception of Japan, which has seen a dramatic decline in its gross domestic product (GDP) during the fourth quarter.
- Franc Causes a Swiss Slowdown. Switzerland has seen a sharp slowdown in its exports, as well as a drop in its consumer prices, amid the strength of its currency. However, the 1.20 price floor is holding for the euro and other currencies remain stable, for now.
- Britain Sees Mixed Success. Britain's businesses seem reluctant to invest in a recovery, despite some positive initial signs, but its currency is being held down by a new £50 billion stimulus package by the Bank of England (BOE).
Investopedia's Forex Outlook For March 2012: Eurozone Headlines
TradingMany risks threaten to derail the global economic recovery, including continued turmoil in Greece and higher oil prices.
TradingEvery currency has specific features that affect its underlying value and price movements in the forex market.
InsightsThe global economy continues to recover slowly, as the U.S. recovery picked up steam and the eurozone crisis stabilized. Despite these promising signs, the recovery has been slow and several ...
InvestingGreece's ongoing financial crisis poses a threat to the nascent U.S. economic recovery due to the latter's close ties with Europe.