Bank of Canada holds interest rate steady

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Source: Forexpros
The Bank of Canada announced on Wednesday, September 5, that it is maintaining its target for the benchmark interest rate at 1 per cent. Canadian central bank left its interest rate unchanged for a sixteenth consecutive month, as global economic outlook is getting more uncertain. Soon after the report, the Canadian Dollar depreciated versus its U.S. counterpart, with USD/CAD currency pair jumping 0.15 per cent.
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Thu, 06 Sep 2012 08:25:34 GMT

U.S. service industry growth probably eased in August

Economists said that the U.S service industry growth probably eased in August. The ISM's non-manufacturing index is estimated at 52.5 last month comparing to 52.6 in July. Three consecutive months of manufacturing contraction and limited momentum in service industries are the main reasons why the expansion struggles to advance and create more jobs.

Wed, 05 Sep 2012 18:45:31 GMT

German shares advance despite dismal services sector performance

German shares rallied on Wednesday despite weak Eurozone's data releases. German services PMI contracted at the fastest speed since August 2009 last month. Meanwhile, traders anticipate the ECB press conference due on Thursday. The German DAX Index soared 0.45% to trade at 6,959.25. Eight out of nine economic sectors included in the index jumped. The best-performers were health care and

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