Wednesday, April 1, 2009
Bali manis hangat menyapa
Aussie and Sterling remains the biggest winners today while yen is sharply lower on improved risk appetites. Global stock markets rise sharply today on speculations that there will be increase in fund to IMF after G20 meeting which starts in London today. A British official said that G20 will likely approve extra $500b to IMF for lending to governments struggling in the current financial crisis. France and Germany are believed to push for tighter regulations in the financial markets too. Another focus will be on discussion of a super-sovereign reserve currency to replace US dollar
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