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
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
Raymond Van der Putten of BNP Paribas commented on Thursday that as expected, the Bank of England’s Monetary Policy Committee decided to keep the Bank Rate unchanged at 5.75%.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 5:42am
After declining slightly against its Slovakian counterpart in the early Asian deals on Thursday, the US dollar gained ground at about 10:20 pm Eastern Time. Moving from 24.2640, the pair hit a high of 24.3620 by about 4:45 am ET. Thereafter the US currency lost its momentum and was quoted at 24.2690 against the Slovakian koruna as at 7:25 am ET.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:34am
The US dollar lost ground by about 2.05am ET against the Danish krone, in the early European deals on Thursday. Falling from 5.2965, the pair hit a low of 5.2726 at about 6.10am ET. The pair has collected a few pips lately and was worth 5.2824 as of 7.25am ET.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:32am
After a brief down trend, the US dollar moved slightly higher against the Swedish krona in the Asian deals on Thursday. However, the dollar lost its ground in the early European session and reached a low of 6.4976 by about 7:05 am ET. If the pair weakens further, 6.4737 can probably be the next target level.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:30am
After moving sideways in the Asian deals, the US dollar lost ground against the Czech koruna at about 4.20 am ET, Thursday. The pair fetched a low of 19.5000 by about 6.50 am. Of late the pair has collected a few pips and was worth 19.5240 as of 7.25 am.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:28am
In the early deals on Thursday, the US dollar trended down against its Turkish counterpart. Compared to yesterday’s New York session close of 1.2064, the pair hit 1.2023 by about 5:45 am Eastern Time. Thereafter the greenback has been seeing ticking up and was quoted at 1.2057 against the Turkish lira by about 7:15 am ET.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:19am
The US dollar gained ground at about 10.15 pm ET against the Hungarian forint in the early Asian deals on Thursday and reached 179.54 by about 4.10 am. Loosing ground thereafter, the pair fetched a low of 178.48 at about 6.10 am. Since then, the pair has been ticking up and was worth 179.04 as of 7.15 am.
Originally from RTT - Currency Trading Alerts on October 4, 2007, 4:17am