Forex News » Economic Indicators

U.A.E., Qatar, Bahrain and Saudi Arabia Cut Rates

Andrei Moraru — Wed, 12 Dec 2007 19:16:44 +0000

The United Arab Emirates decided to cut their bank repository rate by 0.25% to 5.25%; Saudi Arabia decreased its benchmark rate for deposits also by 0.25% to 4.0%; Qatar and Bahrain reduced their deposit rates by the same amount — 0.25% to 4.0%. Kuwait refrained from changing the country’s interest rate, because they’ve already removed their currency’s peg to dollar back in May 2007.(...)
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Canadian Dollar Dips On Bada Statistics

Andrei Moraru — Thu, 22 Nov 2007 09:12:16 +0000

Yesterday Canadian dollar reached its monthly minimum levels after the macroeconomic statistics were released by Canada’s National Statistics Agency. September 2007 retails sales fell by 0.2 percents compared to previous month. USD/CAD traded at 0.9923 on Forex as the data was released.(...)
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Fed’s Projections – Uncertain

Andrei Moraru — Wed, 21 Nov 2007 09:14:16 +0000

Federal Reserve’s FOMC published its first meeting minutes to include the 3-year projections of the committee members regarding the GDP growth, consumer prices inflation and unemployment rate. While the average projection expectations didn’t differ greatly (except for the year 2008) from this year’s results, the uncertainty of the inflation projections spoke for itself — Fed is unsure of the impact the interest rates manipulations will have on the consumer prices growth.(...)
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EUR/USD on Record High

Andrei Moraru — Tue, 20 Nov 2007 09:38:29 +0000

As the Forex traders wait for today’s housing data release, EUR/USD reached its new historical maximum at 1.4778. With just a little trailing back it continues to hover around 1.4770 level ready to strike again to probable 1.4800 level.(...)
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