Private Sector Employment Falls By Much Less Than Expected
Private sector employment showed another notable decline in the month of April, according to a report released by Automatic Data Processing, Inc. (ADP) on Wednesday, although the decrease in jobs was much smaller than economists had expected.
Bernanke sees US economic rebound but more job losses
Federal Reserve chairman Ben Bernanke said Tuesday the recession-hit US economy could rebound this year but warned of more ''sizable'' job losses and a still-fragile financial system.
Euro falls against dollar to $1.3250
The euro fell against the dollar Wednesday as investors anticipated a rate cut from the European Central Bank later in the week.
3-mth dollar interbank rates fall, spreads narrow
The rates banks charge eachother for lending three-month dollars fell on Wednesday, a day
after equivalent Libor rates hit a record low below 1 percent.
NZ Dollar skids on US bank stress
The Australian dollar skidded from a seven-month high on Wednesday after investors' mood soured on reports that Bank of America has to raise another $US34 billion in capital, hitting demand for riskier assets.
Bernanke: Signs recession’s strength is waning
Federal Reserve Chairman Ben Bernanke gave his most optimistic prediction yet Tuesday about the end of the recession, saying he expects the economy to start growing again this year — although the comeback could be weak and more jobs will disappea
Bernanke Talks Dollar Higher, Service ISM Rebounds
Optimistic comments from Federal Reserve Chairman Ben Bernanke and a slower pace of contraction in the service sector has helped to drive the U.S. dollar higher against the Euro and Japanese Yen.
Tuesday FX View: Stress Testing Under the Spotlight
The dollar continues to move inversely to the fortunes of rising equity markets as investors continue to buy into the story that the global economy has passed the turning point. Financial companies were under less pressure on the day the Federal
U.S. GDP: Consumers Are Spending Though Government Isn't
I wouldn’t normally write about the mundane topic of last week’s GDP figures if it weren't so, well, peculiar. The headline figure had the U.S. economy contracting at an annualized rate of 6.1% during the first quarter of 2009.
USD Trades Near One-Month Low on Bank Outlook
The dollar traded near a one-month low versus the euro on speculation banks will raise sufficient capital to weather the recession, reducing demand for the safety of the world’s main reserve currency.
NZ dollar rises to 3-week high against greenback
Extending the early European session's sharp rally, the New Zealand dollar rose to a 3-week high of 0.5859 against the US dollar by 8:40 am ET, compared to 0.5764 hit late New York Monday.
EUR/USD Technical Analysis
The pair has trended higher but remains mixed as risk appetite flows support the Euro. The pair has both risks to the upside and downside as we look ahead to Thursday's interest rate decision.


