Euro (€) Currency Thread

dealsearcher

Is mine stuck on 1.117 or what?

inspector_monkfish

trading at 1.1140 at mom

dealsearcher

Just caught it at 1.117 again. Must stop looking.

inspector_monkfish

07:00 03Mar09 GERMAN JAN WHOLESALE PRICES -0.4 PCT M/M, -5.9 PCT Y/Y (VS -3.2 PCT M/M, -4.2 PCT Y/Y)

07:00 03Mar09 GERMAN STATS OFFICE SAYS YR/YR DECLINE IN JAN WHOLESALE PRICES STRONGEST SINCE REUNIFICATION

07:01 03Mar09 TABLE-German Jan wholesale prices -0.4 pct m/m, -5.9 pct y/y

BERLIN, March 3 - The Federal Statistics Office
reported the following economic indicator on Tuesday (changes
are in percent):

GERMAN WHOLESALE PRICES Jan 09 Dec 08 Jan 08
Month-on-month change -0.4 -3.2 +1.5
Year-on-year change -5.9 -4.2 +7.4
Index (basis 2000) 105.2 105.6 111.8

NOTE - Economists polled by Reuters had expected a 2.0
percent drop in wholesale prices month-on-month and a 6.3
percent decline year-on-year. The Office said the 5.9 percent
year-on-year drop was the biggest since German reunification in
1990.

inspector_monkfish

07:52 03Mar09 German unemployment below US level for 1st time in 16 yrs

BERLIN, March 3 - The German unemployment rate fell below that in the United States in January for the first time in 16 years, Germany's Federal Statistics Office said on Tuesday.

The jobless rate in Germany, based on comparable International Labour Organisation (ILO) figures, came in at 7.3 percent in January compared to 7.6 percent in the United States for the same month.

German unemployment began rising late last year, but fell steadily between 2005 and the end of 2008.
The last time Germany had a lower rate than the United States was in January 1993, the Office said.

The jobless rate in the United States has surged over the past year as firms hit by the financial and economic crises lay off workers by the thousands. In January 2008, the U.S. rate stood at 4.9 percent.

Comparative jobless data was also provided for other European countries for the month of December, showing Spain with the highest unemployment rate at 14.4 percent and the Netherlands with the lowest at 2.7 percent.

inspector_monkfish

gbp/eur trading at 1.1140

dealsearcher

... and the rate is now ...

inspector_monkfish

...1.1180....

inspector_monkfish

trading at 1.1225

inspector_monkfish

00:01 04Mar09 RTRS-NATIONWIDE CONSUMER CONFIDENCE INDEX RISES TO 43 IN FEB VS 41 IN JAN, FIRST RISE SINCE OCT

00:01 04Mar09-UK consumer morale improved in Feb - Nationwide

LONDON, March 4 (Reuters) - British consumer confidence improved in February for the first time in four months as people became more optimistic about the outlook for jobs and their own finances, a survey showed on Wednesday.

The Nationwide building society said its consumer confidence index rose to 43 in February from a survey low of 41 in January.
The mortgage lender said the improvement in morale had been driven by a pick-up in sentiment about future prospects and spending, possibly as a result of recent interest rate cuts.

The Bank of England has slashed borrowing costs by 4 percentage points since October and is widely expected to trim rates again by 50 basis points to a record low of 0.5 percent on Thursday.
The expectations index, a gauge of sentiment about the economy, labour market and household income over the next six months, rose to 57 in February from 52 in January.

The spending index, which reflects sentiment about spending on household goods and purchases, rose to 92 in February from 85 in January.
However, the survey showed Britons were more gloomy about their current circumstances, with the present situation index falling to 22 from 24 in January.

"Consumers' views about the current economic and labour market conditions are in line with the recessionary climate in the UK," said Nationwide chief economist Fionnuala Earley.
"Spending confidence continues to be resilient, which could reflect the effect of sharp falls in interest rates on consumers' disposable incomes, but is also likely to reflect significant discounts available."