The Mortgage Bankers Association said demand for U.S. home loans rose last week as a three-week low in 30-year fixed mortgage rates boosted applications for refinancing. That came a day after U.S. data showed pending home sales jumped 3.6 percent in June, adding to hope that the decline in U.S. home prices may finally be [...]
China Warns Against Flood of Dollars
By: Ffd Analyst
A top Chinese official said on Tuesday the United States should be careful about flooding global markets with dollars while the world struggles to restore economic stability. Sitting next to U.S. Treasury Secretary Timothy Geithner, Chinese Vice Premier Wang Qishan made clear at the start of the concluding day of the “Strategic and Economic Dialogue” [...]
USD/CAD: BOC Rate Statement Looms
By: Ffd Analyst
While many pairs are still consolidating or just begining to break out, the Canadian dollar has been on a race for new highs. Since last week, the currency appreciated 5 percent against the U.S. dollar and is up more than 15 percent since March.
The Bank of Canada will be announcing their monetary policy [...]
Friday, August 21, 2009
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