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Forex Radio - US ISM Services Rebound Not As Optimistic As It Appears, Will The RBA Raise Rates?

Monday, 05 May 2008 21:09:49 GMT

Written by Terri Belkas and John Kicklighter, Currency Analysts

 ·          ISM non-manufacturing rose above 50 - signaling expansion - but the report still didn't reflect a rebounding services sector. Why?
 ·          The RBA meets tonight - will they raise rates to fight inflation pressures?

Stories to watch on DailyFX

·          USD/CAD faces event risk from Tuesday's Ivey PMI report. Also, find out the Top 5 Economic Indicators You Need to Watch this Week.
·          According to the latest COT report, British pound positioning has hit a bearish extreme - what does this mean for GBP/USD?

We love feedback! Send any comments or suggestions to tbelkas@dailyfx.com or jkicklighter@dailyfx.com

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