Home » Euro to Dollar News » Euro To Dollar – EUR/USD Fundamental News 26th June 2009

Euro To Dollar – EUR/USD Fundamental News 26th June 2009

A relatively quiet day for fundamental news on the economic calendar with only some minor items to stir the otherwise torpid markets into life.  Throughout the day in Europe we have the release of the preliminary CPI figures for the various German States and as always these are presented to the market in a staggered way, with numbers for the two biggest states posting positive results for June suggesting that Europe may resist the possible threat of deflation in the short term.  The only other item of news for Europe, which was released earlier, was the German Import Price Figure which came in worse than expected at 0% against a forecast of 0.3%.

This afternoon sees several minor items including the core PCE Price Index, Personal Spending, Personal Income, and the revised University of Michigan Consumer Sentiment Numbers.  The first of these is forecast at 0.1%, Personal Income and Personal Spending both at 0.3% and the UOM at 69.2.  The week rounds off with a speech from Fed Chairman Ben Bernanke who is due to deliver some opening remarks at the Bureau of Labor Statistics 125th Anniversary Celebration in Washington DC – no doubt this will be a riotous and raucous occasion as the statisticians excitedly discuss the meaning of the universe.

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