Posts Tagged ‘inflation’

Dollar Strengthens on U.S. Data; Sterling Overvalued

by Forex Rooton October 10, 2014 12:42 pm BST
Dollar rose against 14 of its 16 major peers and advanced for a second day, retracing its decline since minutes of the Federal Reserve’s most recent meeting showed policy makers are concerned the U.S. may be at risk from a worldwide slowdown. The dollar lost 0.1 percent to 107.75 yen, extending its weekly decline to […]

CPI Increase as Gasoline Rises

by Forex Rooton July 22, 2014 2:05 pm BST
The consumer price index increased 0.3 percent after a 0.4 percent gain the prior month, figures from the Labor Department showed today in Washington. The cost of living in the U.S. rose in June, paced by a jump in gasoline that is now reversing, bolstering Federal Reserve Chair Janet Yellen’s view that recent increases were […]

UK Inflation Rises To 1.9% In June

by Forex Rooton July 15, 2014 10:28 am BST
The Consumer Prices Index rose to 1.9%, up from 1.5% in May, according to the Office for National Statistics. The rate of UK inflation rose sharply in June, pushed up by higher clothing and footwear, and food and non-alcoholic drinks prices, official figures show. Rising air fares and furniture prices also pushed the inflation rate […]

Canadian Dollar Posed for Breakout, Although in Overbought Territory

by Christopher Lemieuxon July 3, 2014 6:25 pm BST
The Canadian dollar futures is poised for a breakout as price action buds against price resistance at .9400, after the loonie picked up demand after the US dollar momentum faded after today’s non-farm payrolls report. The US Labor Department data showed that 288,000 jobs were added in June. Mark Chandler, head of Canadian fixed-income at […]