Archive for December 30th, 2008

U.S. House Prices and 2009 Growth Prospects

December 30, 2008

The range of U.S. growth forecasts in 2009 is about twice as wide as the one-percentage point band one typically finds at the start of a calendar year. Housing, a root cause of the recession, remains a main source of uncertainty over how much longer the downturn will last and how deep it will be. […] More

Currency Markets in the News

German CPI Inflation Dropped to 1.1% in December

December 30, 2008

Consumer prices rose 1.1% between December 2007 and December 2008, down from 12-month increases of 1.4% in November, 2.4% in October, 2.9% in September and a 2008 high of 3.3% in June and July. Inflation had not been lower than 1.1% since April-July 2003. The seasonally adjusted CPI slid for a third straight time on […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Stocks Up and Dollar Down

December 30, 2008

The dollar has posted broad losses of 1.6% against the euro, 0.9% versus the Australian dollar, 0.7% against sterling and the Swiss franc, 0.6% relative to the yen and Canadian dollar, and 0.3% against the kiwi. Even the rouble firmed against the dollar. The Nikkei firmed 1.3% in its final session of 2008. The Dax […] More