Dollar was broadly lower last week on deteriorating recovery outlook in US as well as falling treasury yield. USD/JPY made new 2010 low below 86 level while EUR/USD also closed above 1.3 psychological level. However, there were a few developments to note. Firstly, EUR/USD lost much momentum after hitting 1.31 View full post on Action Insight [...]
China has surpassed Japan to become the world’s second largest economy, lagging only behind the United States, a Chinese government official said in remarks published on Friday. View full post on Economic news – CNNMoney.com
African-American workers continue to earn far less than whites, according to statistics released by the U.S. Census Bureau. View full post on Economic news – CNNMoney.com
The dollar fell below Y86 for the first time in eight months on Friday as mounting concerns about the US economy led to broader weakness for the greenback View full post on FT.com – Currency Markets News and Data
The U.S. economy continued to grow during the second quarter, the government reported Friday. But the pace slowed more than economists were expecting, raising concern about growth – or even another recession – in the months ahead. View full post on Economic news – CNNMoney.com
The economy is heading nowhere fast. That’s the bad news. But the good news is that it still seems like consumers may have actually learned a lesson or two about reckless fiscal behavior. View full post on Economic news – CNNMoney.com
The data promise to bolster the government’s economic message ahead of the September 19 election, with recent polls showing the four-party Alliance edging ahead of the Red-Green opposition View full post on FT.com – Currency Markets News and Data
Dollar is back under pressures in early US session after Q2 GDP report showed slightly worse than expected growth of 2.4% annualized. The data reflected slowing consumer spending, which dropped from 1.9% to 1.6% in Q2, as well as widened trade deficit from $338b to $426b. Earlier, IMF said note View full post on Action Insight [...]
The U.S. economy continued to grow during the second quarter, but the pace slowed even more than economists were expecting, according to a government report Friday. View full post on Economic news – CNNMoney.com
Worries about fresh signs of a faltering US recovery ahead of upcoming economic data set off a strong rally for the yen, re-stoking talk of potential intervention from the Bank of Japan View full post on FT.com – Currency Markets News and Data