| US Dollar Extremely Choppy After US Non-Farm Payrolls Fall By Least in a Year, Unemployment Rate Surges to 9.7% (Daily FX) FX markets have been extremely choppy this morning after US unemployment data fell into two ends of the spectrum: surprisingly optimistic and deeply disappointing. Starting with the good news, non-farm payrolls fell by 216,000 in August, which was less than forecasts for a drop of 230,000 and the slowest pace of job losses in a year. us.rd.yahoo.com |
NZ dollar up on retail sales data The New Zealand dollar rose today on better than expected retail sales data.Retail sales lifted 1.1 per cent, seasonally adjusted, in August, with strongest growth in clothing and softgoods, and in fuel sales. The median forecast... nzherald.co.nz |
Euro higher at $1.4982 in European morning trade (AP) The euro was higher against the U.S. dollar Monday after the euro zone showed more evidence of emerging from recession last week, pushing investors to other currencies besides the greenback. us.rd.yahoo.com |
Fall in Inventory Hardly Shifts Price of Crude (Daily FX) The Department of Energy's weekly report indicated supplies of crude fell for a fourth consecutive week. The figure fell 1.5 million barrels, versus calls for a fall of 1.85 million. Other stats released included a surprise 366K decline in gasoline stockpiles, down for the second week. us.rd.yahoo.com |
Bollard may hold to mid-year timing for OCR hike, start in April Reserve Bank Governor Alan Bollard will probably wait until at least April before raising interest rates, though officially he may stick to his hinting at a mid-year hike this week.Bollard will keep the official cash rate at 2.5... nzherald.co.nz |