Forex News and Rumors

India’s Budget Targets 9% Growth

India has released its annual budget with a stated goal of returning to 9 percent growth as a primary target. In order to boost the rate of growth for the current year – now projected at only 6.7 percent – the budget contains a number of spending initiatives designed to increase employment and improve economic conditions. More

Falling Commodities Drag Down Canadian Dollar

The Canadian dollar fell to C$1.1658 to the US dollar Monday morning from its Friday close of C$1.1617 as retreating commodity prices and continuing concern over the timing of an economic recovery have investors shying away from the commodity-driven Canadian dollar. More

Oil on the Decline

Friday’s dismal US employment figures and concerns over several high-level corporate earnings reports due this week have pushed oil to a five-week low. More

GM Bankruptcy Sale Gets Green Light

General Motors Corp. has received permission to sell most of its assets to a new company – the first step in emerging from bankruptcy protection. More

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