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NZ Economy sound despite finance company collapses

posted by Avatar ooogleemooglee 1375 days ago in NZD, Fundamental, Special made popular 1375 days ago

The New Zealand financial system remains fundamentally sound and is working well despite high profile meltdowns of several finance firms, says the Reserve Bank. read more
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Dollar Falls on U.S. Manufacturing Slump, Credit-Market Loss

posted by Avatar ooogleemooglee 1375 days ago in USD, EUR, JPY made popular 1375 days ago

The dollar fell to a one-week low against the yen on speculation a manufacturing industry contraction and credit-market losses will prompt the Federal Reserve to hold off from raising interest rates. read more
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Meat, Dairy May Push Food Inflation to 28-Year High

posted by Avatar odell 1375 days ago in USD, Inflation, Consumer made popular 1375 days ago

Rising prices for meat, dairy products, cooking oil and fresh produce may accelerate U.S. food inflation this year at the fastest pace since 1980, the government said in a report. read more
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Dollar climbs as oil dips

posted by Avatar odell 1375 days ago in USD, EUR, Oil made popular 1375 days ago

Investors boost dollar as crude prices fall and Germany, Europe's largest economy, shows weakness. read more
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Stagflation? Or just stagnation?

posted by Avatar odell 1375 days ago in USD, Fundamental, Inflation made popular 1375 days ago

The inflation figures for July were ugly. But oil prices have fallen and the dollar has strengthened in August. Too bad a global slowdown is the reason. read more
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The next credit crunch

posted by Avatar odell 1375 days ago in USD, Special made popular 1375 days ago

Our easy access to plastic is about to dry up - and with it our ability to fake living the good life. read more
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Americans Less Gloomy on Economy Amid Discontent, Poll Finds

posted by Avatar odell 1375 days ago in USD, Consumer made popular 1375 days ago

Americans are slightly more optimistic about the economy even as large majorities disapprove of the country's overall direction and President George W. Bush's performance, the latest Bloomberg/Los Angeles Times poll shows. read more
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Fed Can Be `Patient' on Rates as Oil Drop May Slow Inflation

posted by Avatar odell 1375 days ago in USD, Oil, Inflation made popular 1375 days ago

Federal Reserve Bank of Minneapolis President Gary Stern said an oil-price decline will probably push headline inflation lower, allowing the central bank to ``be patient'' in considering a change to the main interest rate. read more
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Swiss Franc Sinks Against Majors After Money Supply Report

posted by Avatar supertrader 1375 days ago in CHF, Fundamental made popular 1375 days ago

The Swiss franc dropped versus its major counterparts on Wednesday in New York, including hitting a fresh multi-month low against the greenback. Investors considered a report showing Swiss money supply grew at a slower pace in July. read more
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Canadian Dollar Erases Declines as Crude Gains on Inventorie

posted by Avatar supertrader 1375 days ago in CAD, Oil made popular 1375 days ago

Canada's dollar erased losses after a report on gasoline inventories boosted oil prices. read more
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Chart of the Day - 8/20/2008 - EUR/USD

posted by Avatar jameschen 1375 days ago in USD, EUR, Technical made popular 1375 days ago

In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel read more
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Sluggish growth, inflation to persist: Fed's Evans

posted by Avatar odell 1379 days ago in USD, Special, GDP made popular 1379 days ago

Slow economic growth and elevated inflation will probably continue until 2010, Chicago Federal Reserve President Charles Evans said Friday. read more