| Pundits predict more gloom for pound The pound's biggest five-month rally in 24 years is ending as the Bank of England floods the shrinking UK economy with newly printed cash and slowing inflation precludes higher interest rates to lure investors.The currency soared... nzherald.co.nz |
Japanese Producer Prices Disappoint, Signal Continued Deflation (Daily FX) Japan?s Domestic Corporate Goods Price Index printed flat in August, showing producer prices continued to shrink at a record annualized rate of -8.5%. Economists had expected prices to grow 0.2% from the previous month to bring the year-on-year figure up to -8.4%. us.rd.yahoo.com |
Retail gas prices nearing summer highs (AP) Retail gas prices are spiking to levels last seen in the heat of summer driving season, raising fears that consumers could cut back on holiday spending. us.rd.yahoo.com |
What's Up, What's Down: Dollar Down (TradingMarkets.com) The Pound is in a bear pennant, while the U.S. dollar is still very bearish overall. How will the currencies perform in today's session? See Rick's morning commentary for more. us.rd.yahoo.com |
U.S. Non-Farm Payrolls Disappoint, Dollar Weakens Across the Board (Daily FX) U.S. non-farm payrolls slumped 85K in December after rising a revised 4K in the previous month amid expectations for a flat reading, while the annual rate of unemployment held steady at 10.0% for the second consecutive month. us.rd.yahoo.com |