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US trade deficit narrows in July

posted by stephenie 15 hours ago in USD, Fundamental, Trade

The Commerce Department today announced the US trade deficit narrowed in July by 14% to $42.8 billion (Â£27.8 billion) from $49.90 billion the previous month.

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Dollar hovers near 15-year low against yen - Sep 9

posted by stephenie 17 hours ago in USD, JPY made popular 15 hours ago

The greenback hovered above 15-year low against the Japanese yen on Thursday. The messages from Japanese officials were mixed and investors bet the Japanese government were not ready to stem the yen's rise.

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Mr Obama announces USD 50 billion infrastructure plan

posted by stephenie 2 days ago in USD made popular 2 days ago

US president Mr Barack Obama this week tried to regain some momentum with the announcement of a raft of new plans to kick start America’s economy which will see USD 50 billion spent on rebuilding the country’s infrastructure.

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Dollar hits 15-yr low vs yen, euro struggles

posted by stephenie 2 days ago in JPY, Fundamental made popular 2 days ago

The yen struck a fresh 15-year high against the dollar and edged closer to a nine-year peak against the euro on Wednesday on a flare-up in worries over euro zone banks, prompting market players to test the will of Japanese authorities to interven

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Gold near record as stocks fall on debt worries

posted by stephenie 2 days ago in Gold

Gold firmed on Wednesday, within sight of a two-month high hit the previous day, as global stocks crumbled and the euro slipped on renewed fears about the health of the global economy.

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Pound Falls, Gilts Rise as Quantitative Easing Seen

posted by stephenie 4 days ago in GBP, Fundamental made popular 4 days ago

The pound dropped against the dollar and gilts rose for the first day in four amid speculation signs of a slowing economy will prompt policy makers to consider increasing asset purchases at a central bank meeting this week.

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Dollar vulnerable, hovering near 15-year low vs yen

posted by stephenie 4 days ago in USD, JPY, Fundamental made popular 4 days ago

The dollar dipped on Monday and looked poised to test a 15-year low against the yen after failing to retain gains made after U.S. jobs data, although caution about Japanese intervention deterred further yen buying.

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Dollar down against euro, up against yen

posted by stephenie 6 days ago in USD, EUR, JPY made popular 6 days ago

The dollar on Friday slipped against the euro but rose against the yen after a tepid jobs report signaled that the US economy was doing better than expected.

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Oil slips towards third straight weekly drop

posted by stephenie 7 days ago in Oil made popular 7 days ago

World oil prices dropped below $75 a barrel in Asian trade Friday after overnight gains on positive US economic data that boosts energy demand.

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ECB may raise projections, but not rates

posted by stephenie 8 days ago in EUR, Fundamental, Inflation made popular 8 days ago

The European Central Bank is set to leave interest rates untouched at 1 percent as it meets Thursday amid a still-uncertain global economic outlook, but may raise its 2010 growth projection for the eurozone.

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$A jumps after better than expected GDP

posted by stephenie 9 days ago in AUD, Fundamental made popular 9 days ago

The Australian dollar was about three quarters of a US cent higher at noon after Australia posted stronger than expected gross domestic product (GDP) data.

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Copper gains in London and Shanghai on PMI data

posted by stephenie 9 days ago in USD, Metals

Copper prices rose 1.3 percent in Shanghai early on Wednesday, and London metal reversed early losses, buoyed by optimism about China's manufacturing base after a positive purchasing manager report

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