Forex News and Rumors – Afternoon Update

US Industrial Output Falls for Fourth Straight Month

The Federal Reserve reported today that US industrial output fell 1.4 percent last month – the fourth straight month that output has fallen. More

Goldman Sacs Says Cable “Moderately Undervalued”

Goldman Sacs told its clients today that it sees “sterling strength” resulting in a “moderately undervalued” British pound. More

Euro Vaults on the Dollar

The euro touched on a five-week high against the dollar one day after the wrap-up of the G20 finance ministers’ meeting. The euro rose to 1.3011 dollars from Friday’s close of 1.2927 dollars. More

Canadian Home Sales Increase in February

Existing home sales in Canada for February rose 8.6 percent from January’s sales marking the first month-to-month increase in sales since last September. A total of 28,669 homes were sold in February but prices fell nearly 10 percent to $281,972 from $310,379 a year earlier. More

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