It was a busy week for central banks around the world, with monetary policy meetings in the United States, New Zealand and Japan. This made for a very interesting end to the week for the forex markets as investors digested the deluge of information coming from policymakers.
The GDP report was unusually boosted by trade in the third-quarter. Typically, exports add and imports drag from the report. The net contribution from both sides of the ledger was 1.3% and the highest reading since the second-quarter of 2009.
ICE: NYSE appointed Stacey Cunningham as President of NYSE Governance Services. Cunningham was most recently Head of Sales & Relationship Management for NYSE Group, and prior to that she also served a similar role at NDAQ.
The dollar gained for a second day, erasing its decline since minutes of the Federal Reserve’s most recent meeting showed policy makers are concerned the U.S. economy may be at risk from a worldwide slowdown.
Crude oil goes into a downside breakout after the International Monetary Fund raised concerns about frothy stock markets and weaker economic growth causing a reaction with stimulus moves by Russia and Norway.