Forex News and Rumors

US Consumer Prices Surprise Analysts

For the first time since 1955, US consumer prices recorded an annual reduction in the cost of consumer goods. The Consumer Price Index (CPI) fell 0.1 percent compared to the forecast of a 0.1 percent increase. More

Dollar Expected to Remain Weak

A survey of financial analysts indicates that the overall expectation is that the dollar will remain weak in relation to the major currencies due to the flood of money the Federal Reserve and US Treasury have committed to fighting the lingering recession. More

UK House Prices Continue to Fall

The Department of Communities and Local Government (DCLG) said today that as of the end of February, the annual rate of decline in house prices was 12.3 percent bringing the average value of a home in the UK down to £189,813 (US$282,402). More

Pound Gains on Dollar

The British pound surged to a three-month high on the dollar today rising to $1.5038. More

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