Forex News and Rumors – Afternoon Update

Dollar Gains on Euro

The dollar gained today after the euro failed to rise above the $1.40 resistance level established earlier in the week. More

Bank of Canada to Hold Rates for One Year

In a speech earlier today, Bank of Canada Governor Mark Carney said that the Bank would hold interest rates at the current level for at least the next year. More

US Natural Gas Reserves Higher Than Expected

A report produced by the Potential Gas Committee claims that natural gas reserves in the US are about 35 percent larger than previously thought with enough natural gas to meet 2007 levels for the next 118 years. More

US Stocks Gain on Signs of Recovery

After losing ground for three straight days, US stocks made gains today with several large firms recording an increase in share values. More

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