UK Construction Sector shrinks

Note: This section contains information in English only.
Source: The Wall Street Journal
Activity in the UK construction sector slowed for a second month in a row, as a number of new orders declined and confidence in the economy plunged due to the recession-hit UK economy and worsening Eurozone crisis. The construction industry's PMI decreased to 54.4 in May from 55.8 in April. The data came after the PMI for the manufacturing sector revealed that production decreased in May to the lowest level in three years.
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Thu, 07 Jun 2012 09:04:27 GMT

Loonie advances for a third consecutive day

On Wednesday the Canadian currency strengthened for a third straight day against its US peer on hopes for monetary stimulus. Commodities and stocks also reflected optimism on Fed's decision. Canadian Dollar jumped 1% to CAD 1.0276. Currently USD/CAD is trading at CAD 1.0273.

Thu, 07 Jun 2012 08:53:27 GMT

US Dollar moves towards one-week low ahead of Bernake's speech

The Greenback traded close to one-week record low versus 17-nation currency ahead of Fed Chairman Ben Bernake's speech today. Investors expect indication of additional stimulus to the world's largest economy. Euro advanced against Dollar to USD 1.2563 in Asian trade. Currently EUR/USD is trading at USD 1.2568.

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