Archive for December, 2008
Dollar Consolidates Amidst Weak Fundamental Data
Dollar Consolidates Amidst Weak Fundamental Data
EUR Money Supply Growth Slows
Starting with some fundamental data from the Euro-zone, we see that money supply growth slowed in November. On the year M3 money supply was up 7.8% compared to 8.7% in October. The annual rate of the growth of private loans slowed to 7.1% from 7.8%.
Greenback Mostly Lower In Thin Trading
Greenback Mostly Lower In Thin Trading
The dollar was mostly lower in thin pre-holiday trading Tuesday. US consumer confidence dropped to a record low and home prices fell more than expected. The yen rose despite higher US stock prices. The GBP/USD traded as low as 1.4389, the lowest level since early 2002, following yesterday’s important break […]
Australian Dollar Threatened As Lending Shrinks To Lowest In 14 Years, Points To Rate Cuts
Australian Dollar Threatened As Lending Shrinks To Lowest In 14 Years, Points To Rate Cuts
The Australian Dollar could face downward pressure from additional interest rate cuts as the RBA tries to boost credit access after lending to the private sector dropped to the lowest in over a decade. The Euro and British Pound kept to […]