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A sharp plunge in the value of Egypt's currency since the beginning of the year has collapsed purchasing power for everyone.Many see the new pledges as either a sop to America, a key aid donor that is impatient to see its Arab clients liberalise, or as a cheap palliative to rising public anger.
Media in India are giving front-page coverage to Finance Minister P Chidambaram's statement that the government is trying to stem a sharp plunge in the value of the rupee and restore confidence in the economy.
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An example would be offering insurance (selling put options) against a sharp plunge in the stockmarket.
That was especially true after the Saudis merrily sanctioned a sharp plunge in the price of oil, a stunning 60percentt drop since June 2014.
Americans stepped back from buying new homes in March — the third straight monthly decline — led by a sharp plunge in Western states.
Retail sales, which had taken a sharp plunge in June, rebounded by 0.7% last month as attractive sales incentives lured shoppers back into new-car showrooms.
It's due to a sudden and sharp plunge in the velocity of money what we have been calling "risk aversion hysteria".
Just one day earlier, Mr. Ahmadinejad was forced to reverse himself and approve a sharp rise in bank deposit interest rates as part of an effort to stop a plunge in the value of Iran's currency, the rial, which accelerated after the European Union announced the oil embargo on Monday.
Compounding South Korea's problems is a sharp decline in the value of its currency, the won.
In Antioch and Fairfield, sharp plunges in home values have pre-empted refinancings and there has been a surge in home sales, he added.
The tests considered the consequences of a plunge in the value of European government bonds.
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