Currency Newswire » ISM

ISM Services Rebound, What Does it Signal for Payrolls?

admin — Wed, 04 Feb 2009 16:47:43 +0000

The US service sector has contracted for the fourth consecutive month but the pace of contraction is slowing. Although this appears to be a global trend, we expect the improvement to represent only a temporary stabilization in the service sector.

Rebound in ISM Fails to Help US Dollar

admin — Mon, 02 Feb 2009 16:46:07 +0000

According to the ISM report, activity in the manufacturing sector has contracted for the 13th consecutive month but the contraction is slowing. After hitting a 26 year low in the month of December, the manufacturing sector ISM index rebounded in January from 32.9 to 35.6.

Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX)

admin — Sat, 31 Jan 2009 18:24:13 +0000

The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week’s trade.

Canadian Dollar Holds Up Despite Dismal US Economic Data (Daily FX via Yahoo! Finance)

admin — Sat, 31 Jan 2009 18:24:13 +0000

The Canadian dollar was one of the few currencies to finish marginally higher against the US Dollar through past week?s trade. A steady stream of bearish US and Canadian economic data would have normally been enough to sink the CAD, but the Loonie held firm even in the face of Crude Oil price declines.

Chinese Premier defends yuan policy strongly (The Malaysian Insider)

admin — Sat, 31 Jan 2009 18:24:13 +0000

BEIJING, Jan 31 — Chinese Premier Wen Jiabao made a stout defence of his country’s currency policy, even as United States President Barack Obama’s administration sought to tone down its criticism over the yuan. Speaking in Berlin after meeting German Chancellor Angela Merkel late on Thursday, he said the yuan is “orientated towards market needs” and “flexible” — reiterating a long-held …