Archive for the ‘Forex News’ Category
Thursday, April 24th, 2008
Written by Kathy Lien, Chief Strategist of DailyFX.com
The Japanese Yen crosses were mixed today with USD/JPY rallying but many of the other yen crosses dipping despite a 42 point rally in the Dow.
After breaking higher last Friday, there has not been much follow through in US equities, ...
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Sunday, April 20th, 2008
(CEP News) - It's an important week for Japan and Australia, with both countries releasing inflation data.Looking at Australian inflation, economists expect the Reserve Bank of Australia weighted median for the first quarter to rise 0.9% following a 1.1 % rise in the fourth quarter of 2007. Annual weighted median ...
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Thursday, April 17th, 2008
(CEP News) - On Thursday, markets will focus on Canada with the release of March CPI inflation data. In the United States, the Philadelphia Fed's manufacturing survey will be the highlight of the day.Canadian annualized core CPI is expected to remain below the Bank of Canada inflation target, coming in ...
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Sunday, April 13th, 2008
via Action Forex
(CEP News) - Despite the slowdown in the U.S. and other industrialized nations, the outlook for the developing world remains optimistic, U.S. Treasury Secretary Henry Paulson said on Sunday.Paulson was speaking to the Development Committee, a body that focuses on the needs of poorer countries. At the beginning ...
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Thursday, April 10th, 2008
(CEP News) - The Federal Reserve received only $33.95 billion for a $50 billion auction through the term securities lending facility, officials announced Thursday.The absence of participants resulted in a bid-to-cover ratio of 0.68. This is much lower than the previous bid-to-cover ratios of 1.15 and 1.88 and could mean ...
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Thursday, April 10th, 2008
via Action Forex
(CEP News) - On Thursday night, Asian markets will receive Japan Domestic CGPI for March.Economists expect Japan's domestic CGPI to rise 0.3% following February's rise of 0.4%. Annualized, the consensus is for a rise of 3.5% following February's rise of 3.4%.
Although no economic data is expected for Australia, ...
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Sunday, April 6th, 2008
(CEP News) – Speaking in an interview with Bloomberg News, U.S. Labour Secretary Elaine L. Chao said she did not think the U.S. economy was in recession yet.She said Friday morning's decline in nonfarm payrolls, released by the Bureau of Labor Statistics, was due partly to an autoworkers strike at ...
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Thursday, April 3rd, 2008
via Reuters
MEXICO CITY, April 3 (Reuters) - Mexico's peso closed at a two-year high on Thursday after poor U.S. job market data reinforced views the Federal Reserve will further cut interest rates.
The peso <MXN=> <MEX01> firmed 0.16 percent to 10.5595 per dollar at the central bank ...
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Thursday, April 3rd, 2008
The Japanese economic calendar has been devoid of any significant data over the past 24 hours and this will remain the case for the next 24 hours.
Many of the Yen crosses have recovered significantly over the past week, but further strength will now be contingent upon Friday’s US non-farm payrolls ...
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Tuesday, April 1st, 2008
via Canadian Economic Press
11:25 04/01 (CEP News) Montreal – A 4% drop in gold futures and broad-based U.S. dollar rally sparked a selloff in the Canadian dollar on Tuesday. Despite the weakness against the USD, the loonie is higher on other major crosses.
The Canadian dollar was down 0.42 cents to 0.9703 ...
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