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Forex News and Rumors – Afternoon Update

US Consumer Confidence Increases

US Consumer Confidence rose for the forth straight month edging up slightly to an index rating of 69 from the previous month’s reading of 68.7. More [1]

Dollar Gains on Vote of Confidence From Japan’s Finance Minister

The US dollar gained 0.6 percent against the euro by noon-time trading in New York today, rising from $1.4104 to the euro yesterday, to $1.4028 after Japan’s Finance Minister gave the dollar a vote of confidence ahead of tomorrow’s G8 meeting. More [2]

Canadian Dollar Falls on Lower Oil Prices

The Canadian dollar fell to its lowest level against the US dollar in four days – and was weaker against most other major currencies as commodity prices including oil fell. More [3]

Australian Unemployment Rises

Unemployment in Australia climbed to a seven-year high of 5.7 percent but actual results were much better than industry analysts predicted. More [4]

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.

Scott Boyd

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