Forex News and Rumors – Afternoon Update

Fed Sees Recession Beginning to Ease

The US Federal Reserve said in a statement released this afternoon that the actions taken by the Fed and the Treasury are starting to make a positive impact and despite the latest growth figures showing the economy contracted by a worse-than-expected 6.1 percent, there are positive signs that the economy is stabilizing. More

Fed to Hold off on Treasury and Mortgages Purchases

Suggesting that we may have seen the worst of the recession, the Federal Reserve said today that it will delay increasing purchases of Treasuries and mortgage securities. More

Canadian Home Prices Fall 4.1%

The Teranet-National Bank National Composite House Price Index, which measures the rate of change of prices for single-family homes in six metropolitan areas, fell by 4.1 percent in February when compared to the previous year. This follows a 2.4 percent loss for the month of January. More

Citigroup: Dollar Likely to Fall if 10-Year Yields Rise

A Citigroup Inc. report said today that if 10-year Treasury notes rise above 3.06 percent, there is a good chance that the dollar could fall according to technical analysts Tom Fitzpatrick in New York and Shyam Devani in London. More

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