Forex News
Producer Price Index – QIV 2013, Credit – December 2013
The PPI measures upstream inflationary pressures (predominantly for goods) faced by producers in the commodities,intermediate and finished product stages.
Economy Watch – NZ Trade Growing Like China
This morning’s December merchandise trade figures first and foremost confirmed very strong growth momentum in the economy. Moreover, the balance of trade suggests a narrower current deficit for calendar 2013.
GBP/USD down to 1.6500 After Fed Slows Stimulus
The pound fell for a third day versus the dollar as Federal Reserve policy makers yesterday trimmed stimulus after Bank of England Governor Mark Carney repeated his pledge to keep U.K. interest rates low.
EUR/USD Dives to 1.3550 as U.S. Consumer Spending Rises
The dollar strengthened a fifth day versus the euro as U.S. consumer spending rose the most in three years a day after the Federal Reserve scaled back bond purchases that weaken the greenback and support global asset prices.
Steady progress – NZ labour market preview, Q4 2013
Labour market indicators point to a modest fall in the unemployment rate to 6.1% in the December 2013 quarter. It’s not unusual for the labour market – and particularly wages
US: back to a 3 handle on growth
The US economy expanded at a 3.2% pace in Q4 2013, laying the ground for further improvement in 2014. Although the details were a bit weaker than the headline,
Danish Government Split on State Owned Energy Company
Denmark’s Socialist People’s Party said on Thursday it would continue to support the ruling coalition, even after it leaves it, meaning the government will not fall.
Central Bank Capital Sparks Italian PM Debate
There have been chaotic and at times violent scenes in the Italian parliament after the lower house speaker made unprecedented use of her powers to cut short a filibuster by deputies of Beppe Grillo’s Five Star Movement (M5S).
International Trade Prices – QIV 2013
Both export prices and import prices fell by 0.5% and 0.6% respectively over QIV. The market was anticipating a smallerfall in export prices of 0.2%.and a solid lift in import prices of 2.0%.
U.S. Dollar Remains Steady Against Most after Fed Taper
The dollar weakened against the yen and Swiss franc on Wednesday as traders reckoned emergency action taken to stall the fall of the Turkish currency would not be enough to calm jitters over global emerging markets.
As Expected, Fed Eases Up by $10 Billion in Unanimous Decision
As it said goodbye to the man who led it through eight history-making years, the Federal Reserve did as it was expected Wednesday, voting to reduce the monthly stimulus program by another $10 billion.
Paul Ryan Criticizes Obama’s State of the Union
House Budget Chairman Paul Ryan told CNBC on Wednesday that President Barack Obama’s State of the Union address didn’t contain any new ideas and said the president should not be taking credit for the U.S. natural gas boom.