Forex News and Rumors for August 29th, 2008

Workers Evacuate Rigs as Gustav Closes In

Crude jumps as crews leave oil rigs as Hurricane Gustav bears down on the Gulf of Mexico.

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Inflation Down Slightly as European Economics Continues to Erode

The index measuring consumer and corporate confidence came in under expectations while lower oil prices helped ease inflation.

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Canadian GDP Expected to be Positive in 2nd Quarter

The Canadian dollar received a boost in early trading on the strength of expected GDP results showing the Canadian economy grew by 0.6% after shrinking 0.3% in the previous quarter..

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Japan unveils economic plan as inflation hits decade high

As inflation has climbed to the highest levels in 7 years Japan has announced a 100 Billion stimulus package to boost consumer spending.

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