Consumer prices in Canada are expedited its pace of growth for the second consecutive month in May, as a major driver of increasing inflation are high prices of petrol.
Growth of consumer prices was 2.2 percent on an annual basis in May, reported by Statistics Canada. Consensus of economists had forecast consumer prices to increase by [...]
The dollar was stronger against the euro on Thursday due to the fall in oil prices and strong data on retail sales in Britain, which led to auctions of the single currency and redemption of sterling. The Surprise growth in May retail sales increase the chances of increase in the interest of English central bank [...]
Economic Data - Economic data
Include the following most important indicators of the state of US Economy: Report of employment (including the unemployment rate, the average yield of 1 hour and business data on the employment of full-time), Consumer Price Index (CPI), an index of producer prices (PPI), gross domestic product (GDP), international trade, cost of [...]
FED - Federal Reserve
The U.S. central bank has full independence in setting monetary policy to achieve growth without inflation. The Federal Reserve achieved mainly through: direct intervention on the open market, change in the basic interest rate and the change of interest on Federal Funds.
FOMC - Federal Open Market Committee - Federal Committee for open [...]
Direct quotation - the amount of national currency for one unit of foreign currency. In most countries the courses of foreign currencies are expressed in national currency. This is the so-called system of direct quotations.
As an example in Germany one dollar USA ($) will be assimilated to a quantity of West Germany German marks (DM), [...]
The Dollar rallied on Thursday, rising to a three-month outrageous against the Yen, on materials showing the US moderate grew in Q1 faster than in the cordially-established days estimated and as hawkish Federal in cheerfulness comments boosted expectations in the stir of an consideration to anyway spread this year. The hawkish comments from Dallas Fed [...]
Friday, June 20, 2008
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