| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
German industrial production slumps in May
FXstreet.com (Barcelona) - Industrial production has posted a sharp decline in May, instead of a slight increase expected by market analysts, according to data released by the German Economics Ministry.
In May, industrial production has posted a 2.4% decline, disappointing the market expectations of a 0.5% monthly increase. Year on year, industrial production has increased 0.8% well below the 3.2% jump forecasted by the analysts.
Data for April has been revised upwards, to a 0.2% monthly decline, up from the 0.8% decline previously estimated, and a 5.0% annual rise, previously estimated as a 4.8% increase.
The Risk Today - August 28 Today 11:10 AM EST- ECB's Weber reopens speculation about interest rate increase despite FOMC suggestion for a Federal Reserve rate hike Today 11:06 AM EST
- USD/JPY Technical Analysis 28 August 2008 Today 6:26 AM EST
- Steve Butler, director of foreign exchange at Scotia Capital Today 10:31 AM EST
- David Blanchflower, Bank of England rate setter Today 10:31 AM EST
- Ken Mulkearn, editor of the IDS pay report Today 10:09 AM EST
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