Forex News and Rumors

US Trade Deficit Falls to $26 Billion

The Commerce Department said today that the US trade deficit fell to its lowest level in nine years, falling to $26 billion in May. A slight increase in exports combined with a weakening demand for imports is responsible for the unexpected results. More

Oil Prices Continue to Fall

After dropping below $60 a barrel early today, crude continued its downward path shedding a dollar and a half to $58.83 a barrel by 2:30 PM in New York. More

US Consumer Sentiment Falls More Than Expected

Fears that unemployment will continue to grow – likely reaching 10% before the end of the year – helped drive consumer sentiment down to a greater-than expected index number of 64.6 from 70.8 the month before. More

British Pound Suffers as Stocks, Prices Slide

The pound lost ground to the dollar today amidst a stock sell-off and news that UK factory prices continue to fall suggesting that the economy is still stuck in a deep recession. More

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