Positive UK manufacturing figures sees sterling hit high
Sterling hit the highest level against the US dollar for two weeks yesterday, as better than expected UK manufacturing figures and a strong GDP estimate helped point towards a continued economic recovery.
C$ falls on weak domestic GDP data
The Canadian dollar touched a session low on Tuesday morning after domestic data showed the economy shrank in September, while the third quarter growthrate was weaker than market forecasts.
Australian dollar edges up on robust data
The Australian dollar rose against the US dollar after data showed net exports could detract less from third-quarter GDP growth than forecast and a bigger rise than expected in building approvals in October.
Canada Third Quarter Current Account Report
Canada's overall current account deficit (on a seasonally adjusted basis) widened by $4.6 billion to reach a high of $17.5 billion in the third quarter. This marks the eighth quarterly deficit since the fourth quarter of 2008.
New data adds to case for weak GDP figures
New figures from the Australian Bureau of Statistics (ABS) have added to the case for much weaker-than-expected economic growth figures when December quarter GDP numbers are released on Wednesday.
Top 5 Charts of the Week
This week we review the Q3 GDP revisions from the US and UK, then we look at the October CPI data from Canada and Japan, before finishing with a summary of a selection of emerging market monetary policy decisions over the past week.
New Estimate Indicates Real U.S. GDP Grew Faster in Q3 2010
Real GDP of the U.S. economy grew at an annual rate of 2.5% in the third quarter, which is higher than the advance estimate of a 2.0% increase.
US Economy At 2.5% Growth, Dollar Gains
Earlier today, the U.S. Bureau of Economic Analysis released 3rd quarter GDP growth results, which came in at 2.5%, only slightly better than analysts expectations. It still, however, paints a somewhat dismal picture of the prospects for U.S. ec
Dollar Broadly Higher As Strong U.S. GDP Boosts Rally
The U.S. dollar was broadly higher against its major rivals on Tuesday, as safe haven buying and better-that expected U.S. GDP data boosted the greenbacks rally.
3Q GDP Revised Up to 2.5%
In the third quarter, the economy grew at an annual rate of 2.5% (2.0%), up from 1.7% in the second quarter, but down from the 3.7% pace in the first three months of the year.
Geithner Says Dollar Drop Due to Reversal of Safe-Haven Flow
Treasury Secretary Timothy F. Geithner said the dollar’s drop in recent months is due to a reversal in safe-haven capital flows, rebutting former Federal Reserve Chairman Alan Greenspan’s assessment of U.S. policy.
US seeks to sustain shaky G20 unity
Treasury Secretary Timothy Geithner insisted on Thursday that Washington would never resort to weakening the dollar to spur growth, seeking to cool tensions as G20 nations struggled to bridge chasms over currencies.


