Forex News and Rumors

NA Stock Markets Poised for Positive Open

North American stock markets are poised to open in positive territory this morning as oil prices climbed above $40 a barrel overnight. There is also news that the U.S. government will take on a larger stake in Citigroup and potentially other banks as well. More

Yen Falls on Citigroup News

With speculation growing that the Obama administration will take on a greater stake in individual banks to steady the U.S. financial system, the dollar gained 2 percent on the yen to 94.88 yen as of 7:00 AM New York time. More

Canada’s Retail Sales Drop 5.4% in December

Statistics Canada reported that retail sales for the month of December fell by 5.4 percent in December to $33 billion – this represent the largest single-month decline in 15 years. More

Economists Predict Economy to Worsen in 2009

The National Association for Business Economics (NABE) predicts that the economy will continue to decline in 2009 but could begin to recover in the following year. The NABE also suggested that U.S. unemployment may reach 9 percent this year compared to the current 7.6 percent. More

Content 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 Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at Visit to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.