EUR and GBP Weakening in Expectation of Euro-Zone Rate Cut

The USD has advanced against the EUR and GBP on speculation that the European Central Bank (ECB) and Bank of England (BoE) will reduce borrowing costs this week in response to the expanding recession in the Euro-Zone. Europe's inflation rate already fell to 2.0% in November from 3.2% in October, which gives ECB policy-makers more room to cut borrowing costs when they meet this Thursday.

Crude Oil Prices Float in Anticipation of OPEC Meeting

Analysts have been ramping up this weekend’s meeting between the Organization of Petroleum Exporting Countries (OPEC) as there is a prediction that they will decide on a rather large production cut. Adding to this speculation was a recent statement made from Russia that a proposal has been presented to OPEC for Russia to cooperate on [...]

• FOREXYARD Kalender

Aktuell tid: 12/03 05:08 GMT

Datum	Tid	$€£¥	Händelse	Per.	Föreg.	Prog.	Fakt.	Pri.
12/03	09:00	EUR	Final Services PMI		43.3	43.3	-
	09:30	GBP	Services PMI		42.4	41.2	-
	10:00	EUR	Retail Sales	m/m	-0.2%	-0.4%	-
	10:30	GBP	BRC Shop Price Index	y/y	3.0%	-	-
	12:30	USD	Challenger Job Cuts	y/y	78.9%	-	-

Ekonominyheter

	USA	USD	1.00%
	Japan	JPY	0.30%
	Europe	EUR	3.25%
	Switzerland	CHF	2.25%
	Great Britain	GBP	3.00%
	Canada	CAD	2.25%
	Australia	AUD	5.25%
	New Zealand	NZD	6.50%

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