Week in FX Americas – US Spending Helps Economy Grow at 2 percent

The United States economy grow at 2 percent thanks in part to consumer spending. Corporate America did not have a good quarter as the earning season was filled with technical blunders and dissapointing results. That could lead to a fourth quarter where companies cut back on spending after a dissapointing quarter.

Visiting Canada Christine Lagarde, the Head of the IMF, praised the country’s efforts on economic consensus and co-ordination. The Bank of Canada governor on Wednesday was seen as less optimistic on the overall economy as a rate increase seems to be pushed to a later date. The Bank kept the rate at 1 percent and added interest should rise “over time”.

• BoC Sees Higher Rates “Less Imminent”
• Fed Lacker Dissents on Effects of QE3
• US Economy Growth Rate is 2 percent
• US Investments Flat, Goods Number Higher
• US Claims Jump on Season Factors
• FOMC October Statement – Reaction
• FED Maintains Bond Buying
• Canadian Dealers Less Bullish on Rates
• Bernanke Defends Fed Actions during Asian Tour
• US Jobless Claims Fall as Season Factors Ease
• US Firings Higest in 2-years
• Bernanke to Concentrate on Jobless Rate
• EUR / USD – Struggling to hold on to 1.30

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