| Calls to cut cash rate misguided Calls for the Reserve Bank to cut the official cash rate in hopes of bringing the exchange rate down are misguided, a Westpac economist says.Lowering the OCR might not reduce the exchange rate and could make the economy's structural... nzherald.co.nz |
USD/CAD: Trading the Canadian Retail Sales Report (Daily FX) Retail spending in Canada is widely expected to improve for the third consecutive month in July, with economists forecasting household consumption to increase 0.5% from the previous month, and the data is likely to drive the exchange rate higher as the Bank of Canada projects the world?s eighth largest economy to emerge from the recession in the third quarter. us.rd.yahoo.com |
Oil briefly above $80 as earnings beat forecasts (AP) Oil futures on Tuesday briefly topped $80 a barrel for the first time in a year before pulling back on a strengthening dollar. us.rd.yahoo.com |
Trade the News Live Coverage (Daily FX) A detailed report on today's most-expected news release. DailyFX analysts review the expectations, recent history, and how to trade it. us.rd.yahoo.com |
NKorea bans foreign currencies in market clampdown (AP) North Korea has banned the use of foreign currency, another sign its hard-line communist government is intent on reasserting control over the country's nascent market economy. us.rd.yahoo.com |