Forex News* (market impact ranking)

•   Today 08:41pm
  U.S. outlook: The irony in the current market is that it’s going to be the rest of the world that drags the U.S. into recession - Matthew Johnson at ICAP Australia- "Yesterday I said that Europe is more...
  
•   Today 08:34pm
  S&P/ASX200 under pressure, but 5,000 provides support in early trades; Financials providing most of the downside after NAB's writedown
  
•   Today 08:21pm
  AUD/USD trades lower on AUD/JPY selling, news that National Australia Bank wrote down A$830M; Yesterday's low at 0.9540 next level of support
  
•   Today 08:19pm
  Aussie rate outlook: We are going to have high interest rates for a long time; It may be well into 2009 before the first relief is given - Robert Gottliebsen at BusinessSpectator- 'At best it will be more...
  
• USD/KRW   Today 08:06pm
  US Dollar vs Korean Won (KS) Bank of Korea official notes that July 1-23 exports rose by more than 40% y/y- Sees weak domestic demand and robust exports continuing for the time being.
  
•   Today 07:53pm
  (TW) Taiwan's Central Bank Governor expects inflation to slow in H2 - Economic Daily
  
•   Today 07:51pm
  Fixed Income: Japanese investors bought a net of ¥172.3B foreign bonds last week
  
•   Today 07:50pm
  *(JP) JUNE CORPORATE SERVICE PRICE YOY: 1.2% V 0.7%E (0.6% PRIOR)
  
•   Today 07:45pm
  (JP) Nikkei 225 Futures open at 13,420 v last close on the Nikkei of 13,603
  
• AUD/USD   Today 07:37pm
  Australian dollar vs US Dollar AUD dragged down by RBNZ rate cut: Obviously, the Australian dollar was dragged lower with the kiwi dollar today; Investors perceive New Zealand being further along the same economic curve and it is a matter of time something similar happens here - ANZ senior currency strategist Tony Morriss
  
•   Today 07:30pm
  *(JP) JUNE NATIONAL CPI YOY: 2.0% V 1.9%E; CORE: 1.9% V 1.9%E- July Tokyo Core: 1.6% v 1.6%e (1.3% prior). - The prior national CPI was 1.3% and the prior core was 1.5%.
  
•   Today 07:16pm
  Summary of The Economist's Big Mac index: Currencies out of whack, says the magazine- A McDonald's Big Mac burger is over-valued by 50% in the eurozone when compared to its price in US dollars and more...
  
•   Today 07:08pm
  (KS) South Korea's Finance Minister Kang says South Korean economy faces many difficulties, says the economy may pick up in late 2009
  
•   Today 07:01pm
  (UK) NIESR: UK growth est at 1.5% in 2008 and 1.4% in 2009; BoE MPC should hike rates to contain inflation expectations- UK CPI inflation seen at annual +4.1% by Q4 2008
  
•   Today 07:00pm
  *(KS) Q2 PRELIMINARY GDP QOQ: 0.8% V 0.8%E; YOY: 4.8% V 4.8%E- The prior q/q was 0.8% and the prior y/y was 5.8%.
  
•   Today 06:58pm
  U.S. outlook: Alex Patelis from Merrill Lynch says America faces the risk of a "financing crisis" within months - The Telegraph- Ambrose Evans- Pritchard comments: "Foreigners have a veto over U.S. more...
  
•   Today 06:55pm
  U.S. outlook: The US may soon tip into a second leg of this crisis as the fiscal package runs out and Americans lose jobs in earnest - Ambrose Evans- Pritchard at The Telegraph- "US bank credit has more...
  
•   Today 06:51pm
  Inflation outlook: One of the biggest fallacies of the current debate is that the high oil price casues inflation; That is not true, central banks causes inflation - Wolfgang Münchau writing at the FT more...
  
•   Today 06:40pm
  USD outlook: The U.S. economy is by no means out of the woods; The run of strength the dollar has enjoyed over the past several sessions is unlikely to extend further as the market turns its focus to the deteriorating fundamentals backdrop in the U.S. - Stephen Malyon at Scotia Capital
  
•   Today 06:37pm
  USD outlook: We're starting to see the weakness of the U.S. economy is spilling over globally; The dollar hasn't turned around yet, but given that the U.S. is ahead of the cycle, it bodes well for the dollar - Stephen Malyon at Scotia Capital