• Producer prices in the United States rose at the fastest pace in six months, although inflationary pressures remained relatively contained in 2013. The Producer Price Index, which monitors price changes in US primary markets, rose 0.4 percent in December and at an annualized rate of 1.2 percent, official data from the Labor Department showed today.

  • The Japanese yen eased from a five-year low against the US dollar amid speculation the Federal Reserve could begin reigning in record stimulus next week. Bargain hunters put their speculation on hold and loaded up on favourably priced yen shortly after the USDJPY pair reached 103.93. The pair has traded to the upside over the

  • Forex » Fed Bets Drive US dollar Higher
    December 14, 2013, 16:24 GMT

    Expectations the Federal Reserve could begin scaling back the pace of bond purchases sooner than expected kept the US dollar elevated Friday. The world’s favourite safe haven rebounded strongly in the second half of the week as market participants shift their attention to the FOMC policy meetings. The US dollar advanced 0.1 percent against a

  • Wholesale prices in the United States fell for a third consecutive month in November, as lower energy costs and weak global demand keep prices in-check. The Producer Price Index, which captures price changes in US primary markets, declined 0.1 percent in November following a 0.2 percent decline the prior month, according to the Labor Department.

  • Forex » US Dollar higher on soft data
    July 13, 2013, 09:18 GMT

    The US dollar limped into Friday trading after a woeful Thursday session ended its favourable outlook. On Thursday the market absorbed dovish remarks from US Fed Chairman Ben Bernanke, who unexpectedly reaffirmed his support for loose monetary policy. The US dollar was broadly weaker heading into the Friday session, but sentiment quickly changed ahead of

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