On fire? Legions of hedge-fund managers in open-necked shirts are poised to jump from the ledges outside their Greenwich and Mayfair offices, if the scuttlebutt about losses in the derivatives market is to be believed. Greenback begins bull run on euro It now seems the euro's strength of the past three years is coming to an end, much to the relief of European exporters. Variable conditions Policy-making is gradually becoming tougher at the Federal Reserve, because reading the economy has become harder. |