Forex News and Rumors

US New Home Construction Jumps in February

In what is surely the most positive sign in months for the US economy, new home construction increased in February, jumping fro 477,000 units in January to 583,000 new units in February. More

US Producer Prices Rise 0.1%

February producer prices rose 0.1 percent for February after rising 0.8 percent in January. The Producer Prices report is one of the three monthly inflation reports produced by the Department of Labor. More

Canadian Factory Sales Down 5.4%

Canadian factory sales fell by 5.4% for the month of January according to a Statistics Canada report. This was less than the 5.8 projected for the month and an improvement on the 8.2 percent drop in December. More

AIG Bonus Payment Controversy Continues

With controversy over AIG’s plans to spend more than $165 million on executive bonuses, the Obama administration is threatening to withhold further subsidies unless assurances are provided that the money will be used strictly for essential operations. AIG has already received more than $170 billion in taxpayer’s money. More

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