February 10, 2012 8:35 AM

The US Trade Deficit widest since 2008

By fxdd
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  • The US trade gap widened to the highest level since 2008.
  • Import were at the highest levels since July 2008 (+1.7% MoM) on Capital Good Demand (highest on record)
  • Export increased 0.7%
  • Price adjusted deficit used for GDP widened to 47.7 billion form 47

When the deficit widens it is a subtraction from GDP.

  • China deficit -23.135 vs -26.872
  • Japan -6.541B vs -6.207B
  • EU deficit -9.630B vs -9.728B
  • Canada -3.877B vs -3.025B
  • Mexico -4.946 vs -5.514B

February 10, 2012 8:32 AM

Canada Trade Improves, US a Touch Lower Than Survey

By fxdd
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US

Trade Balance:  Survey: -48.5B   Actual: -48.8B   Prior: -47.8B   Revised: -47.1B

Canada

February 10, 2012 4:30 AM

UK PPI (Jan) 0.5%; better than the 0.1% expectation.

By fxdd
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  • Annual output price inflation lowest since November 2010.
  • Core output prices rise 0.3% on month, 2.4% on year.
  • Input prices rise 0.5% on month, up 7% on year.
  • Construction output falls unrevised 0.5% in Q4.

February 10, 2012 2:59 AM

Euro higher on Barroso’s comments

By fxdd
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  • Greek bailout package is in its final stage.
  • Expects a solution on the Greek bailout to be reached next week.
  • Confident that Greece will remain in the Euro-zone.

February 10, 2012 2:47 AM

French Manufacturing Production (Dec) -1.4% vs. -1.0% forecast and 1.4% prior reading.

By fxdd
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Industrial production was also worse at -1.4%.

February 10, 2012 2:20 AM

German Final CPI (m/m) -0.4%; unchanged as expected.

By fxdd
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February 9, 2012 8:23 PM

China Sets Yuan Reference Rate @6.2937

By fxdd
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