US consumer spending continued to ebb in the second quarter as June marked the second month of decline in retail sales. Consumer purchases were down 0.5% for the month, following a 1.1% slide in May. The June figure came in below expectations. Excluding auto sales from the equations, sales were Read More Retail Sales Dissapoint [...]
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The dollar traded on weaker footing against the majors, slipping by nearly 0.6% versus the British pound to just shy of the 1.53-level and slipping by around 0.3% against the euro to 1.2776. The US equity indexes were largely flat on the session, with the Dow Jones and S&P 500 Read More FOMC Downgrades Outlook
Posted in FX News | Tagged downgrades, fomc, outlook |
The minutes of the June 22-23, 2010 Federal Open Market Committee (FOMC) meeting provided the details of the discussions on the economic outlook and prospective changes to policy. In all, the minutes highlight that the Fed is seeing some greater downside risks to growth, although the committee members were generally Read More US Fed Modestly [...]
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The minutes for the FOMC meeting held on June 23rd show the members of the committee acknowledged a softer economic growth outlook and some of them went even further in pointing out that risks to the outlook have shifted to the downside. That assessment is consistent with the addition to Read More US Federal Reserve [...]
Posted in FX News | Tagged downside, economic, federal, growth, outlook, reserve, risks, sees, softer, the, tilting, to, us, with |
FXstreet.com (Barcelona) – The Kiwi picked up upside momentum over the past 2 weeks, piercing a key… For more information, read our latest forex news. Read More Forex NZD USD steady at 2month high
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FXstreet.com (Barcelona) For more information, read our latest forex news. For more information, read our latest forex news. Read More US Jul 9 MBA Mortgage Applications down 96 persen from Jul 02
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FXstreet.com (Barcelona) – Mortgage applications in the US decreased by 2.6% last week, compared to… For more information, read our latest forex news. Read More MBA mortgage application fall unexpectedly in the US
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FXstreet.com (Barcelona) – The Japanese Yen gained ground through the European session, forcing the… For more information, read our latest forex news. Read More Forex USD JPY edges down to 8860
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The Australian dollar extended its decline today as the speculation, that the Chinese economic expansion slows, curbed the appeal of the higher-yielding currencies.(…)Read the rest of Aussie Slips on Concern for China’s Growth (58 words) Posted on Forex News. Read More Aussie Slips on Concern for Chinas Growth
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