The Australian dollar fell after the report showed that the consumer prices rose less than expected, decreasing the possibility of the interest rates hike by the central bank.(…)Read the rest of Aussie Falls as Slower Inflations Curbs Bet On Interest Rates Hike (91 words) Posted on Forex News. Read More Aussie Falls as Slower Inflations Curbs Bet On Interest Rates Hike
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Economist Christopher Pissarides has called on the Government to make more ‘gradual’ spending cuts. Read More British Nobel Prize winner Christopher Pissarides calls for slower spending cuts
Posted in FX News | Tagged british, calls, christopher, cuts, for, nobel, pissarides, prize, slower, spending, winner
Today was a bad day for the safe currencies, including the Swiss franc, which fell against the euro. The franc also weakened after the macroeconomic data showed that the manufacturing slowed and the retail sails decreased. The Swiss currency outperformed the US dollar.(…)Read the rest of Franc Falls vs. Euro on Slower Manufacturing & Retail Sales (116 words) Posted on Forex News. Read More Franc Falls vs [...]
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The euro fell today as the reports signaled that the European economic recovery may be slowing, diminishing the attractiveness of the shared 16-nation currency to the investors.(…)Read the rest of Euro Declines as Reports Signal About Slower Growth (128 words) Posted on Forex News. Read More Euro Declines as Reports Signal About Slower Growth
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The Swiss franc fell to the lowest level in a month versus the euro today after the global equities rallied, erasing the demand for the safer currencies, and Switzerland’s central bank signaled about the slowdown of the nation’s economic growth.(…)Read the rest of SNB Signals About Slower Growth of Swiss Economy, Franc Down (90 words) Posted on Forex News. Read More SNB Signals About Slower Growth of Swiss Economy, [...]
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Producer Price index in UK failed to meet market estimates and rose at the slowest pace in half a year, signaling that inflation pressures might be easing in the country, despite the fact that inflation continue to hover above the government’s upper limit of 3.0 percent. Read More UK Producer Prices Fails To Meet Estimates [...]
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The Canadian dollar tumbled today versus the US currency as the report about the slower pace of the Canadian inflation growth caused the investors to reduce bets on the increase of the interest rates by Canada’s central bank.(…)Read the rest of Canadian Dollar Falls on Slower Inflation & Rates Outlook (125 words) Posted on Forex News. Read More Canadian Dollar Falls on Slower Inflation dan Rates Outlook
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The South African rand dropped versus the US dollar today, following yesterday’s decline, on the speculation that the growth of the manufacturing output slowed in South Africa.(…)Read the rest of Rand Weakens on Slower Manufacturing Growth (59 words) Posted on Forex News. Read More Rand Weakens on Slower Manufacturing Growth
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Chairman Bernanke delivered the Fed’s semi-annual Monetary Policy Report to Congress today. In the last update provided in February, the discussion of monetary policy was largely focused on the eventual withdrawal of the stimulus as the economy continued to climb out of recession. Today’s testimony reiterated that the "economic expansion…is Read More US Feds SemiAnnual [...]
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The ISM index fell to 59.7 with slower improvement in production and inventories. Growth continues but at a slower pace as the inventory rebuild is being completed. On the plus side, prices are moderating. ISM moderated in May with slower gains, but gains none-the-less, reported in orders, production and supplier Read More ISM Moderates Signal [...]
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