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WASHINGTON – The Bush administration said today it will not issue tough new fuel economy rules for cars and trucks, letting the Obama administration decide how to balance requirements for more efficient models with the massive costs in a struggling ...
Read moreJan 07 - US Dollar Forecast to Decline Against Japanese Yen Jan 06 - EURUSD Bullish Structure Jan 05 - AUDUSD Approaches Potentially Significant Resistance Jan 02 - EUR/USD Breakout Potential? Dec 29 - Euro May Fall From Recent Gains Dec 28 - Forex ...
Read moreFRANKFURT, Jan 7 (Reuters) - J.D. Power cut its 2009 western European auto market forecast by 600,000 units on Wednesday following a bleak December sales month and now sees volumes down 16 percent for the full year to levels last seen in 1993. The ...
Read moreWhile the SSI is available once a week on DailyFX.com, you can receive SSI readings twice a day in DailyFX Plus Forex Intraday Trading Signals The SSI sought a EURUSD rally since 1.26 and was signaling a reversal around 1.60. Find our more in the ...
Read moreNAIROBI, Jan 7 (Reuters) - Tanzania has revised up its inflation forecast for the end of the current fiscal year because it is taking longer than expected for lower global oil and food prices to be passed on, the finance ministry said. Tanzania, like ...
Read moreNEW YORK, Jan 7 (Reuters) - The dollar slumped on Wednesday, reversing sharp gains against the euro and yen earlier this week, as steep job losses in the private sector rekindled fears of a prolonged U.S. recession. The report, compiled by ADP ...
Read moreThe country’s foreign exchange reserves soared to $37.1 billion at the end of 2008, sustaining the recovery that foreign exchange inflows made in November as a result of inflows from government borrowing. The Bangko Sentral ng Pilipinas (BSP ...
Read moreLike most markets, the Forex market has been incredibly volatile over the last year. Currency expert Kathy Lien lists possible courses for the economy and the U.S. dollar and the Euro in 2009 in her blog post below. 2008 Price Action: It has been an ...
Read moreLONDON, Jan 7 (Reuters) - Japan's yen should hold firm below 100 to the dollar for most of 2009 as investors remain defensive in the midst of the global financial crisis, although it may weaken in the second half, a Reuters poll showed on Wednesday ...
Read moreLONDON, Jan 7 (Reuters) - The euro will likely slide a little further against the dollar in 2009, but bad economic news either side of the Atlantic should mean losses are limited, a Reuters poll showed. Foreign exchange forecasts made last month were ...
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