Forex News and Rumors

World Bank Cuts Projections for China’s Output

Weakening demand for China’s exports has prompted the World Bank to cut its projections for China’s economic growth for 2009 to 6.5 percent from 7.5 percent. More

UK Unemployment Exceeds 2 Million

For the first time since 1997, the number of unemployed people in Britain actively seeking employment has surpassed two million. More

US CPI Jumps 0.4%

The US Labor Department announced that consumer inflation as measured by the Consumer Price Index (CPI) rose 0.4 percent for the month of February – the largest single-month increase since last July. Most of the increase can be attributed to a jump in fuel costs over the past two months. More

US Current Account Deficit Down for 2008

The US Current Account deficit fell dramatically in 2008 to $673.3 billion from $731.2 billion for the previous year. The Commerce Department attributes this to a strong pullback in imports as American consumers curb spending levels. More

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.