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Currency News

US consumer spending falls in real terms
Friday 29 Aug 2008
The effects of the government’s tax rebate are dwindling, judging by the latest US consumer spending data.
FX round-up: GDP numbers lift dollar
Friday 29 Aug 2008
The dollar recovered from earlier weakness Thursday as investor cheered a stronger than expected US gross domestic product data and as oil prices turned lower.
US GDP surprises on the positive side
Thursday 28 Aug 2008
US Gross Domestic Product grew faster than expected in the second quarter, driven by buoyant exports and the benefits of the government’s tax stimulus package.
Technical Analysis – Free-falling Sterling
Thursday 28 Aug 2008
For the past 2 years Sterling has enjoyed heady status against the USD being in close proximity to the $2 mark since 2006. Some commentators are now predicting that it is now heading to $1.50 over the course of the next few months. I guess these are probably the same commentators who were predicting Gold at $2000 an ounce and Oil at $200 a barrel by the end of the year! Where do people get these figures from - at least in Sterling's case there is historical precedence on their side - but Gold and Oil! Do these pundits lick their fingers, stick them above their heads and pull these numbers out of the air!
FX round-up: Profit taking hits dollar
Thursday 28 Aug 2008
The US dollar took a tumble on Wednesday as the price of oil moved higher, though the greenback’s losses were pared by better than expected durable goods data.
US Durable Goods orders unexpectedly strong
Wednesday 27 Aug 2008
The US economy got an unexpected but welcome lift as US durable goods orders rose faster than expected in July, thanks to strong demand for transport equipment.
FX round-up: Dollar at 6-month high against euro
Wednesday 27 Aug 2008
The dollar gained against the euro Tuesday, rising to a six-month high, after another batch of weak European economic data.
US home sales data disappoints
Tuesday 26 Aug 2008
Sales of new US homes rose less than expected in July as the housing slump continues Stateside.
German business and consumer sentiment down
Tuesday 26 Aug 2008
Fears that Europe’s biggest economy could fall into recession were heightened today after both the German consumer and business sentiment fell more-than-expected, while the government confirmed the economy shrank in the second-quarter.
FX round-up: Dollar mixed as oil fluctuates
Tuesday 26 Aug 2008
The dollar rose against the euro and fell against the yen Monday in a lacklustre day, as crude oil prices struggled to find a direction while a dismal session on Wall Street kept a lid on market activity.
FX round-up: Dollar shifts into reverse
Friday 22 Aug 2008
Higher oil prices and some less than stellar US economic data saw the dollar give back some of its recent gains.
FX round-up: Dollar hangs on to gains
Thursday 21 Aug 2008
The dollar remained firm against major currencies Wednesday, snapping a two-day losing streak as oil prices wavered up and down throughout the session.
US mortgage application index drops 1.5%
Wednesday 20 Aug 2008
US mortgage applications declined by 1.5% last week despite a drop in interest rates.
FX round-up: Downbeat data, profit taking hits dollar
Wednesday 20 Aug 2008
A gloomy report on the US housing market, higher than expected inflation and another negative session on Wall Street sent the dollar lower against a basket of major currencies Tuesday.
US housing starts fall to 17 year low
Tuesday 19 Aug 2008
The US housebuilding industry remains in a bad way after latest figures showed housing starts at their lowest level since March 1991.
US producer prices jolt
Tuesday 19 Aug 2008
Inflation fears were fanned by US Producer Prices data for July, which showed wholesale prices rising twice as fast as expected.
FX round-up: Dollar slips as profit takers move in
Tuesday 19 Aug 2008
The dollar gave up some of its gains against the euro Monday as traders took profit on the greenback’s recent rally and after the release of gloomy US housing market data and more woes in the financial sector.
FX round-up: Dollar rallies against euro
Monday 18 Aug 2008
The dollar rallied Friday as traders digested a better than expected US manufacturing report for August while euro zone and other global data disappointed.
FX round-up: Dollar dominates
Friday 15 Aug 2008
Signs that Europe's economy is shifting into reverse had the euro on the back foot Thursday.
US inflation rises fastest in 17 years
Thursday 14 Aug 2008
Inflation rose at its fastest for more than 17 years in the US last month and much more than analysts had expected, official figures revealed Thursday.

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