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(CEP News) - U.S. economic growth is expected to continue staggering with yet another steep drop in GDP forecast for the first quarter. However, many economists say the results won’t be as bad as in the fourth quarter.
Some U.S. house price data and consumer confidence figures top the day’s main economic events on Tuesday, along with some central bank speakers from the Bank of Canada and European Central Bank.
Sean Callow, senior currency strategist at Westpac Bank sees the Fed keeping policy steady at this week’s FOMC meeting, but the dollar may weaken if the government plans to add to the $300 billion worth of Treasurys it is buying. He discusses the week’s key events with CNBC’s Martin Soong.
G7 Says Declines Showing Signs of Slowing
U.S. Durable Goods Orders Fall, See Significant Downward Revisions
Canada’s February Budget Surplus Down Sharply from Year Ago
UK First-Quarter GDP Falls at Fastest Pace in Nearly 30 Years
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Sharada Selvanathan, currency strategist at BNP Paribas sees significant risks to the downside for the sterling. She outlines what is weighing on the currency, with CNBC’s Rebecca Meehan & Chloe Cho.
The Pound gave up yesterday’s gains and then some after it releases its annual budget and projections for the next year. The Euro and others rose against the Dollar, reversing yesterday’s greenback gains as well.
U.S. Home Prices Rise in February
Bigger-than-Expected Build in U.S. Crude Oil Inventories
Canadian Leading Indicators Worse than Expected
UK Plans to Borrow £703 Billion Over Five Years
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The price of gold will spike above $2,000 an ounce before the end of 2010 because of rising inflation, currency devaluation and the risk of a massive debt-bust spurs buying of the precious metal, Philip Manduca told CNBC Wednesday.
U.S. Leading Indicators Fall More than Expected
Canadian International Securities Transactions Climb in February
Foreign Travel to Canada Rises in Q1
ECB Members Say Rates Near Lower Limit
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This dollar bullish correction could last for 1-2 weeks, predicts Callum Henderson, head of FX strategy at Standard Chartered. But over the longer-term, he is bearish on the greenback. He tells CNBC’s Chloe Cho why.