Sustained growth either boom nor bust remains the theme for this economy and has been our outlook now for some time. Real GDP rose at a 2.8 percent pace in the fourth quarter and is up 1.6 percent from a year ago. The gains in the fourth quarter Read More GDP Modest Growth Continues Sustained [...]
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Today’s US GDP data was interesting in that it came in weaker than expected and breaking down the report we see that personal consumption was pretty soft and much of the gain in the fourth quarter came from the restocking of inventories. Therefore with a soft GDP report the usual response Read More Does Weaker [...]
Posted in FX News | Tagged a, and, does, gdp, in, mean, pricing, qe3, usd, weaker
The Canadian dollar erased gains to trade unchanged on Friday after a report showed the US economy, the destination for most Canadian exports, grew at a slower-than-expected rate in the fourth quarter. The Canadian dollar traded at … 28 Vote(s) Read More Canadian dollar erases gains after US GDP data
Posted in FX News | Tagged after, canadian, data, dollar, erases, gains, gdp, us
While growth disappointed in Q4 we still see scope for growth in the area of 2.5% in 2012. Consumption growth is underpinned by decent income growth as employment is picking up and inflation has come down. And exports are likely to recover as export markets are recovering slowly. Corporate investment Read More US A Soft [...]
Posted in FX News | Tagged a, gdp, likely, more, qe3, report, soft, us
The Yen is poised to extend overnight gains as markets look past the limited implications of the US GDP report to focus on the upcoming EU leaders’ summit. Read More FOREX Yen Outperforms as Traders Look Past US GDP to EU Summit
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As the UK struggles with reduced growth, the Bank of England is now going as far as to say that further quantitative easing measures are “likely.” Read More UK GDP Drops more than Expected BoE Members Say Further QE danquotLikelydanquot
Posted in FX News | Tagged boe, drops, expected, further, gdp, members, more, qe, quotlikelyquot, say, than, uk
Top stories:UK growth, Eurozone, Vodafone and the MPC’s QE vote. Read More Interactive Business Bullet UK GDP, Eurozone, Vodafone and the MPCs QE vote
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The Brazilian real climbed today after a report about slowing economic growth in China lead to speculation that the Asian nation will stimulate its economy, increasing attractiveness of commodity currencies.(…)Read the rest of Brazilian Real Goes Higher as GDP in China Slows (55 words) Posted on Forex News. Read More Brazilian Real Goes Higher as GDP in China Slows
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Canada’s gross domestic product fails to expand for the first time in five months in October, reflecting lower pace of recovery in the world’s tenth largest economy which has been vulnerable to spreading sovereign crisis in Europe and overheating domestic housing market. Read More Loonie Remains Strong despite Flat October Canada GDP
Posted in FX News | Tagged canada, despite, flat, gdp, loonie, october, remains, strong
Yesterday we talked about the Canadian Dollar building strength as a result of strong retail sales and higher oil prices. While we face thin liquidity trading and so moves may not be indicative of what the full market may be thinking, we did see the CAD gaining strongly against the Read More Preview Canada GDP [...]
Posted in FX News | Tagged canada, gdp, implication, on, preview, usdcad