* Wall Street 3/18/09 (Stephen Bernard, Meridian Star)
Investors appeared ready to give up some of their recent gains Wednesday as they awaited the conclusion of the Federal Reserve’s interest rate meeting. The government’s report of a slightly higher than expected rise in inflation had little effect on trading.
* Travelers’ checks (Larry Habegger, San Francisco Chronicle)
That’s largely because Curacao is crowded with Venezuelans, many fleeing their country’s spiraling inflation and currency controls for a Dutch Caribbean island best known for its diving opportunities and historic city center, a U.N. World Heritage site.
* An End to Currency Manipulation (Brett Swanson, Far Eastern Economic Review)
The U.S. dollar last week appeared mercifully to end its plunge. World markets cheered, and the immediate financial crisis in the U.S. abated. But this week the dollar is retesting all-time lows versus the euro and yen, and commodity prices, capital flows, and trade remain vulnerable to its movements. Inflation in dollar-linked China is rising fast, and an over-strong yen could thwart Japan’s …