US Industrial Output Fell Less Than Expected
US Industrial Output was expected to fall by 0.8 percent for the month of November; however, actual output declined slightly less than projections at 0.6 percent. More
Dollar Rally May be Coming to an End
With billions of dollars flooding into the market in the guise of economic stimulus plans and other assorted bail-outs, analysts suggest that the US dollar will fall against most of the major currencies.
“The dollar will go to new lows as the U.S. attacks its currency,†said John Taylor, chairman of New York-based FX Concepts Inc., which manages about $14.5 billion of currencies. More
Oil Cuts Expected Ahead of OPEC Announcement
The Organization of the Petroleum Exporting Countries (OPEC) is expected to announce “significant” production cuts in an attempt to reverse falling crude prices which are hovering near a four-year low. More
Canadian Dollar Gains on Oil Price Increase
The Canadian dollar gained against the US dollar as stock markets rebounded and the price of crude rose on expectations of an OPEC production cut. More
Outlook for UK Pound Worsens
The British pound continued to struggle against the euro and everyday seems to fall to yet another record low. Currently, the euro is at 89.98p and threatens to break through the 90p level and many analysts suggest that the euro could soon be at parity. More
