Tag Archives: Australian Dollar

US Retail Slumps

Posted on May 14, 2009 by admin

The risk rally lost momentum overnight as US retail sales figures declined by 0.4% in April. US retail sales figures are a crucial to wider economic sentiment as they are directly related to business confidence and import levels. Weakened growth predictions from the Bank of England and negative industrial production figures from the eurozone also dragged exchange rates downwards for the “riskier” currencies.
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Equity Markets Stall

Posted on May 12, 2009 by admin

Equity markets have been on hold overnight as investors suddenly feared they may be taking on too much risk. There remain a number of unknowns in the global economy and further evidence of positive data may be needed to trigger another rally. Currency exchange rates are little changed although the ‘higher risk’ Australian and New Zealand currencies have trimmed gains against the US dollar and euro.
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US unemployment hits 26-year high

Posted on May 11, 2009 by admin

The US unemployment rate has hit a 26-year high as the labour market shed 539,000 non-farm jobs in April. However despite the record figure, the upward trend in currency exchange rates and equity markets has continued with the pound and…

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Pound hits Four Month Highs

Posted on May 6, 2009 by admin

The bullish trend in equities and currency exchange rates continues this week as both the euro and pound reached four month highs against the US dollar. Improved prospects of global recovery are encouraging the flow of funds away from safe havens and many of the “riskier” currencies are receiving a boost in exchange rates this week.
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Eurozone lowest CP increase on record

Posted on March 31, 2009 by admin

Consumer prices in the eurozone slowed to a record low year-on-year increase of 0.6% in March, down from a 1.2% year on year increase in February, according to the Flash estimate released by Eurostat.

Eurozone inflation rate has never been this slow 1996 when records began. This is just the latest reason for the ECB to cut interest rates on the next monetary policy meeting on Thursday. Continue reading →

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IMF calls for unity

Posted on March 30, 2009 by admin

The head of the International Monetary Fund has stressed the need for unity among world leaders at the G20 meeting in London next week. “It is absolutely necessary for leaders to find agreement,” said IMF managing director Dominique Strauss-Kahn. The UN has also called for urgent action at the G20 to prevent the financial crisis developing into a “catastrophe for human development”.
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U.K Retail Sales Slow

Posted on March 26, 2009 by admin

Retail sales growth in the UK almost stalled in February as consumers cut back on spending, figures from the Office of National Statistics show. Sales growth slowed to 0.4% last month, the smallest increase since 1995, after a 3.6% rise in January. Analysts had expected retail sales growth to slow to 2.5%. Continue reading →

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World economy to shrink

Posted on March 20, 2009 by admin

The head of the Organisation for Economic Cooperation has echoed a statement from the IMF by saying that the world economy will most likely shrink this year. Angel Gurria, head of the body that represents the 30 most industrialised nations, said, “We are probably seeing a world which will go negative. Continue reading →

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Banks face more questions

Posted on March 19, 2009 by admin

Scottish MPs will question senior executives from Royal Bank of Scotland and Lloyds Banking Group – two of the banks given multi-billion pound bailouts by the government. Continue reading →

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U.K Recession

Posted on March 18, 2009 by admin

The International Monetary Fund has predicted that the recession will last longer in the UK than in any of the world’s other major economies. Continue reading →

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