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Malaysia makes bold changes in race-based policies (AP)

The economic downturn is allowing Malaysia’s leader to chip away at an affirmative action program for Malay Muslims that has been considered virtually untouchable in the past.

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Forex Trading Weekly Forecast - 07.06.09 (Daily FX)

US Dollar Still Range Bound, But Risk Aversion Creates Bullish Potential Euro Volatility Likely as Central Bank Delivers Interest Rate Decision Japanese Yen To Strengthen As Risk Appetite Wanes British Pound May Remain Under Pressure Ahead of BoE Rate Decision Swiss Franc May Fall If Bulls Give Up Fight Against Intervention Canadian Dollar To Weaken Further As Labor Market Falters Australian Dollar At Risk as Investors Weigh Outlook For Future Policy New Zealand Dollar Selling Ahead If Stock Markets Turn Lower

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MOUNTAIN OF DEBT: Rising debt may be next crisis (AP)

The Founding Fathers left one legacy not celebrated on Independence Day but which affects us all. It’s the national debt.

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British Pound, Australian Dollar to See Rate Decisions Next Week (Daily FX)

The British pound and commodity dollars all face high event risk from rate decisions by the Bank of England and Reserve Bank of Australian, along with Canadian employment and business activity reports.

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European stocks calm as US readies for 4th of July (AP)

European stock markets traded in a narrow range Friday as investors caught their breath after big losses the day before on U.S. jobs data. Wall Street’s closure for the Independence Day holiday kept trading volumes exceptionally light.

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