Forex News and Rumors – Afternoon Update

China Warns Economic Woes Could Worsen

China has issued a warning that annual growth could fall to 8 percent this quarter from the 9 percent recorded last quarter which is still significantly less than the 10 to 12 percent growth rates recorded for the past five years. More

US Agriculture Department Expects Food Price to Increase

The US Department of Agriculture released a report today outlining an expectation that food prices will increase 3.5 to 4.5 percent in 2009 compared to the 5.0 to 6.0 percent increase for 2008. More

Peso Gains on Advances in European and Asian Stock Markets

The Mexican peso gained 3.7 percent this week in light of the fact that the major stock exchanges have generally been positive for the week, leading some to speculate that investors now have greater confidence in higher-yielding assets in developing nations. More

European Governments Questioning Year-End Bonuses

European bankers are slowly accepting that bonuses will be much less than previous years or perhaps withheld altogether as governments pressure firms to reduce payouts in the wake of several high-profile rescues financed by the taxpayer. More

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