Forex News and Rumors

Inflation In Eurozone Hits Record Low

Inflation in the Eurozone was a scant 0.6 percent in April while growth stopped altogether for the month of May fueling concerns that deflation could now take hold of the economy over the summer months. More

Oil Closes Above $65

Growing optimism that the worst of the recession is over in the US, the start of the “summer driving” season, and shrinking US gasoline inventories have pushed the price of oil to a six-month high for July delivery to nearly $66 a barrel. Despite the market looking to a recovery in demand, Toby Hassel – an analyst with Commodity Warrants Australia in Sydney notes that despite the sentiment, “there’s no real evidence that demand is picking up at this point.” More

US Economy Drops 5.7%

The US Commerce Department released the latest Gross Domestic Product (GDP) results today noting that the economy shed 5.7 percent for the first quarter of 2009. More

India’s Growth Beats Expectations

India’s economy beat expectations by returning 5.8 percent growth for the first quarter of the year compared to the same quarter last year. More

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