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Dean's Forex Blog:

The Pulse of the Forex Market

The Dollar Watch is a graphical representation of my estimate regarding US Dollar strength or weakness before the open of the North American markets. A high number of colored bars would indicate a better position for the USD versus all major currencies. Vice versa a low number of colored bars would indicate a weak average against major currencies.
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Dean's FX

Forex News and Rumors for September 3rd, 2008

Posted on September 3rd, 2008 at 10:30 am by Scott Boyd

Loonie Falls as Bank of Canada Leaves Interest Rate Unchanged

Despite rumors of an interest rate cut, the Bank of Canada has opted to leave its key rate at 3%.

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UK Consumer Confidence Continues to Fall

Consumer confidence in the U.K. plunged to its lowest level in four years providing further evidence that Britain’s economy is teetering on the brink of a recession.

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Dollar Up as Oil Price Retreats

The dollar continued to make headway on the euro and GBP overnight as oil slips below $110 a barrel.

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Filed under: Forex Trading News and Rumors

« Euro policy makers beat up on Euro while ‘buck’ reigns supreme! Bank of England and European Central Bank upcoming rate decisions »
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