Barclays reportedly first manipulated Libor during
the global economic upswing of 2005 — 2007 so that its traders could make profits on derivatives pegged to the base rate, explains CFR's Sebastian Mallaby.
Also weighing on the dollar was
the global economic upswing that has encouraged central bankers in Europe and Asia to take the first steps toward normalizing monetary policy after years of monetary stimulus.
Not exact matches
The resurgence in corporate profits, a broad - based improvement in
global economic growth, the stabilization of commodity prices and strong purchasing managers» indexes all support an
upswing in capital spending.
Oil producers have also benefited from the
global upswing, as stronger
economic growth has spurred demand for energy.
And while these returns can be attributed to the synchronized
upswing in
global economic growth and strong corporate profitability, hanging in the background of markets all year were a series of risks.