Home » Euro to Dollar News » Euro To Dollar – Euro Dollar Fundamental News 12th August 2009

Euro To Dollar – Euro Dollar Fundamental News 12th August 2009

Today’s fundamental on the economical calendar is dominated by the FOMC interest rate decision and accompanying statement which is due out at 19.15 GMT.  Before this momentous event we have a number of other interesting news items which began earlier this morning with the French CPI data which came in at the forecast of -0.4%.  This was followed by worse than expected news for Europe’s Industrial Production figures which came in at -0.6% against a forecast of +0.3% – not good news for the Eurozone.  However, this indicator tends to have a relatively mild impact on the currency markets as Germany and France release their data separately, as they account for approximately 50% of the total Eurozone economy.  The other significant item of news in the US ahead of the FED statement will be the Trade Balance Figures which are forecast at -28.4bn versus a previous of -26bn with the deficit probably widening yet again as a result of the recent rise in crude oil prices.  Later in the session we have the crude oil inventories, details of which I have covered in the my specialist oil blog.

You can keep up to date with all the latest fundamental news on the economic calendar, latest currency news and live currency charts by simply following the links.  I have also included details on an excellent ECN broker.