Raymond Van der Putten from BNP Paribas commented on Monday morning that according to UK National Statistics, industrial output contracted by 0.4% in September stagnated. He stated that this was largely due to a sharp decline in manufacturing output, whereas activity in the other sectors inched higher.
Originally from RTT - Currency Trading Alerts on November 5, 2007, 4:29am
The yen held against the dollar and euro but eased to the pound in late morning trading Thursday. Traders considered two rate decisions in Europe and comments by Bank of Japan’s (BoJ) Deputy Governor.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:48am
In trading against the euro on Thursday, the Swiss currency saw strength. By the mid-morning action, the franc had advanced to a mark of 1.6606. The pair moved as the European Central Bank maintained its key interest rate at a six-year high for the third straight month on Thursday.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:12am
The euro slipped to a 2 1/2 week low against the sterling as traders considered interest rate decisions in each area. The European currency dropped sharply in the early morning and then added further losses at around 8:30 a.m. ET. It has dropped to 0.6918 against the pound.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 6:03am
FXstreet.com (Barcelona) – The president of the European Central Bank has pointed out the heightened uncertainty to baseline economical scenario and the downside risks to economical growth on the long term in his press release after the release of the Bank’s monetary Policy decision.
Trichet has also warned about the upside risks to price stability and he affirmed that price risks will be “very closely” monitored which could discard an interest rate cut over the next months, the Bank’s president has stated that he will act in a “firm and timely manner” in order to keep price stability.
In relation to the recent credit crisis, Trichet affirmed that the Bank will pay “great attention” to financial markets developments, and that given the recent conditions in those markets, he stressed the need to act with “particular caution”.
Originally from FXstreet.com: Latest News on October 4, 2007, 1:08pm
Lars Christensen, senior analyst at Danske Bank, commented on Thursday that the increasing and clear signs of overheating in a number of Central and Eastern European countries, especially the Baltic States and South East Europe, are drawing attention not only from the financial markets, but also from international institutions.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 5:46am
The greenback climbed sharply against the euro on Thursday and hit a 10-day high. The dollar rose at around 8:30 a.m. ET and has reached 1.4070. Overall, the greenback is slowly inching away from a record low reached earlier this week against the euro.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 5:48am
As widely expected, the European central bank left its key interest rates unchanged at 4.00%. Amid the release, the Euro fell against the Yen, but it advanced versus the rest of majors. At about 7:54 am Eastern Time, the Euro collected 1.4114 against the dollar, 164.57 against the Yen, 0.6937 against the Pound and 1.6637 against the Swiss Franc.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:55am
The European central bank’s interest rate decision is expected at 7:45 am ET. Ahead of the release, the Euro showed a mixed performance. While the euro lost ground against the dollar and the Pound, it gained slightly versus the Yen. Against the Swiss Franc, the euro moved sideways.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:42am
Commentary: We want to present a bearish alternate count today. It is possible that the 1.4281-1.4139 decline is a 5 wave decline with wave 5 truncated…
Originally from Currency Trading News by DailyFX on October 4, 2007, 8:48am