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Dollar Mixed After House Fails To Pass Rescue Plan

posted by MarcB 1335 days ago in USD, Fundamental, Daily made popular 1334 days ago

The dollar was mixed versus other major currencies Monday morning in New York after the House of Representatives failed to pass a $700 billion plan to stabilize the financial markets.

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Oil Prices Drop More Than $10, Settle Under $97

posted by MarcB 1335 days ago in USD, Fundamental, Oil made popular 1334 days ago

Oil prices plunged over $10 a barrel Monday as a U.S. financial bailout plan failed to win legislative approval, increasing fears that a prolonged economic downturn that could sharply curtail energy demand.

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Japan Likely To Return To Sustainable Growth Path

posted by MarcB 1335 days ago in JPY, Fundamental, Inflation made popular 1335 days ago

The Japanese economy is likely to return eventually on to a sustainable growth path with price stability after a period of sluggish growth and higher inflation, deputy governor of the Bank of Japan Kiyohiko Nishimura said Monday.

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Dollar Rises as U.S. Lawmakers to Vote on Bank Rescue Packag

posted by MarcB 1336 days ago in USD, EUR, Fundamental made popular 1335 days ago

The dollar rose to a one-week high against the euro as U.S. lawmakers reached a breakthrough on a $700 billion package to revive credit markets by purchasing distressed debt from banks.

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Dollar Rally Could be Short Lived

posted by MarcB 1338 days ago in USD, Housing, Employment

It is now confirmed that the US housing and labor market is in serious trouble. New home sales broke below the 500k make or break mark for the first

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German Consumer Confidence Set To Improve In October

posted by MarcB 1339 days ago in EUR, Fundamental, Oil made popular 1338 days ago

Thursday, the German consumer morale unexpectedly improved in October backed by cheap oil and energy prices, results of a closely watched survey revealed.

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Dollar Falls Versus Euro as Traders Increase Bets on Fed Cut

posted by MarcB 1339 days ago in USD, EUR, Fundamental made popular 1339 days ago

The dollar fell against the euro for the first time in three days after traders increased bets the Federal Reserve will cut borrowing costs as banks' reluctance to lend threatened to slow economic growth further.

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German Ifo business confidence at 3-year low

posted by MarcB 1340 days ago in EUR, Fundamental, Manufacturing made popular 1340 days ago

Wednesday, the news flow gained momentum in Europe with several nations releasing many statistical reports. Data showed that the German business confidence deteriorated to a three year low in September, while the French business sentiment weakene

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Yen Declines Against Euro on Fed Offer of Cash, Buffett Deal

posted by MarcB 1340 days ago in USD, JPY, Sentiment made popular 1340 days ago

The yen weakened against the euro after the Federal Reserve agreed to provide central banks with more cash to increase lending, encouraging traders to purchase higher-yielding assets funded in Japan.

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Eurozone Private Sector Output Shrinks At Fastest Pace

posted by MarcB 1341 days ago in EUR, Fundamental, Manufacturing made popular 1341 days ago

Eurozone private sector output contracted in September at the fastest rate in almost seven years, a survey showed Tuesday.

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Dollar Trades Near One-Month Low as Bernanke Testify

posted by MarcB 1341 days ago in USD, Fundamental made popular 1341 days ago

The dollar traded near a one-month low against the euro as Federal Reserve Chairman Ben S. Bernanke said in the text of his Senate testimony that failure to pass the U.S. financial bailout would threaten the economy.

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Fed's Strategy Has Moved Beyond Rate Cuts

posted by MarcB 1348 days ago in USD, Fundamental, Daily made popular 1347 days ago

When it comes to the credit crunch, the more things stay the same, the more the Fed changes. In other words, don’t expect the central bank to cut interest rates on Tuesday at its regularly scheduled FMOC meeting following the Lehman Brothers-Mer

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