Forex News and Rumors – Afternoon Update

US Dollar Falls to $1.40 Per Euro

The US dollar fell below $1.40 to the euro completing a week that saw the dollar lose 3.9 percent to the Euro Zone currency. More

Commodities Lift Canadian Dollar to 7-Month High

Investors embraced the Canadian dollar today as a surge in commodity prices helped the loonie reach a seven-month high against the American dollar. More

UK Household Spending Drops 1.2%

The Office of National Statistics reported today that output for the UK economy fell by 1.9 percent for the first quarter of 2009 while household spending fell 1.2 percent for the same time frame. This is the largest drop in spending since 1980. More

Bondholders Appear Set to Force GM Into Bankruptcy

A spokesperson for a group of GM bondholders said the bondholders will reject GM’s offer of a 10 percent equity stake in exchange for millions in outstanding debt in a move that will likely send GM into bankruptcy. More

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.