U.S. New home sales remain strong in the US, figures show, suggesting that successive interest rate rises have yet to subdue the property market.
Experts believe the impact of months of consecutive rate rises will soon affect the market, with some even forecasting a double-digit fall in sales of new homes this [...]
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European Central Bank President Trichet testified to the EU Parliament that the central bank’s “timely” interest rate increases are anchoring inflation expectations and reiterated that “monetary policy in the euro area remains accommodative.” With inflation at 2.5%, well over the ECB’s preferred 2.0% ceiling, the cusp of further rate hikes is not at question. The [...]
Yen god (!)Â Fukai poured in new blood today by saying:
policy makers need to adjust interest rates from near zero percent “without delay.”
 Inflation-adjusted interest rates are extremely low and could risk stimulating growth excessively, Fukui said today in a speech at the Japan National Press Club in Tokyo. The yen later pared its advance after Fukui [...]
Source: DailyFX.com
Written by John Kicklighter, Junior Currency Analyst
It was the last taste of scheduled economic data the Canadian dollar would get this week and the subdued response to the day’s indicators left little hint as to direction in the unit for the remainder of the week. Across the Canadian dollar denominated [...]
US Inflationary Data Passes With Little Dollar Bullishness
June 14th, 2006 News Headlines | Comments OffWritten by John Kicklighter, Junior Currency Analyst
Though a positive read for dollar traders, today’s long anticipated consumer price gauge came and went with little of the rally expected with the improved odds of an additional rate hike at the June 28th Federal Open Market Committee meeting. Price action in the majors [...]