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Euro Slides as Investors Remain Concerned
(CEP News) - Negative sentiment is once against hurting the euro as investors move back into the U.S. dollar and Japanese yen.Global equities are under pressure, which appears to be putting pressure on the euro. The EUR/USD has been on a steady downtrend since Thursday's high of 1.2761 USD and on Friday morning is trading below 1.2600 USD.With global equities continuing to sell off across the board, risk aversion continues to be the main factor behind the euro weakness, but
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Forex - Dollar rose boosted by Oil sharp drop and outlook of other major global economies.
The Dollar rose on Tuesday, boosted by a sharp drop in oil prices and persistent concerns about the health of other major global economies. The theme driving global financial markets on Tuesday was Crude oil's tumble to as low as 105.51 per barrel as Hurricane Gustav had limited impact on energy infrastructure.Sterling was under pressure after
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Forex - Dollar rose against Euro while Yen gained in volatile trading
Global financial distress and economic weakness beyond the United States persisted, giving the greenback a safe-haven bid.Weakness in the US stock market has once again supported the Yen versus the Dollar, Euro and other high-yielding currencies as investors unwound trades funded using the Japanese unit's low rates. Investors also fretted abo
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Germany Mar Industrial Production unchanged on month, -20.4% on year
!--TITOL: h1Germany Mar Industrial Production unchanged on month, -20.4% on yearFITITOL-- FXstreet.com (Barcelona) For more information, read our latest a href=http://www.fxstreet.com/news/forex-news/forex news/a.div a href=http://feeds.fxstreet.com/~ff/news/forex-news?a=_sJyzl0T4vg:8L_xCclSqvE:yIl2AUoC8zAimg src=http://feeds2.feedburner.com/~ff/news/forex-news?d=yIl2AUoC8zA border=0/img/a /div
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UK Preview: Further Clues on Policy to be Revealed in BOE Inflation Report
According to Barclays fixed income strategist Moyeen Islam, the Bank of England's
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ECB's Trichet Says Rates at Zero Would be "Inappropriate" (Update)
You have a number of anomalies that might appear when you are zero, Trichet said in an interview with Dutch television broadcaster RTLZ on Friday. It is full of drawbacks.However, Trichet added that there were other instruments that could be utilized, even if rates did come down to such levels.At its meeting on Thursday, the Governing Council voted unanimously to keep its main refinancing rate unchanged at 2.00%. However, acknowledging that inflationary pressures are easing and that growth would remain
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