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Market Commentary - 3rd July 2009

posted by forexclaim 1 hour 49 minutes ago in Fundamental, Daily made popular 1 hour 42 minutes ago

A much weaker than anticipated US non farm payrolls report for June has cast doubts on the outlook for the economy, overshadowing the improving tone of other recent indicators and pushing up risk aversion once again.  read more

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Euro recovers from sharp falls vs dollar

posted by HarrisClan 1 hour 50 minutes ago in USD, EUR made popular 1 hour 36 minutes ago

The euro recovered modestly against the dollar on Friday after falling sharply in the wake of bleak US jobs numbers which dampened hopes of a global recovery, though trade was quiet due to a US public holiday.  read more

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The dollar posted relatively large gains against the euro

posted by jed 1 hour 56 minutes ago in USD, EUR, Fundamental made popular 1 hour 30 minutes ago

The dollar posted relatively large gains against the euro and most other major currencies yesterday, after a weak U.S. June non-farm payrolls report encouraged speculators players to shy away from "riskier assets" ahead of today's U.S. Independen  read more

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Canada’s Dollar Caps Longest Weekly Losing Streak

posted by Reno 1 hour 57 minutes ago in USD, Fundamental made popular 1 hour 36 minutes ago

Canada’s dollar posted a weekly decline on signs the economic recovery is faltering and as crude oil fell below $67 a barrel.  read more

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Euro edges up vs dollar in holiday-thinned trade

posted by Leong 2 hours 2 minutes ago in USD, EUR made popular 1 hour 40 minutes ago

The euro recovered against the dollar on Friday as traders picked up the single European currency following its fall the previous session, when weak U.S. jobs data helped lift the dollar across the board.  read more

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US jobs data lead equities lower

posted by RogerTerr 2 hours 7 minutes ago in USD, Fundamental, Employment made popular 1 hour 43 minutes ago

The change in sentiment followed Thursday's non-farm payrolls report on the US labour market. The data showed that 467,000 American jobs were lost in June, significantly more than the 350,000 loss expected.  read more

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G8 united in not shifting reserve currencies-source

posted by cathlyn 2 hours 11 minutes ago in Fundamental made popular 1 hour 48 minutes ago

The Group of Eight leading industrialized nations are showing little enthusiasm for China's idea of questioning the dollar's status as the main global reserve currency, a G8 source involved in preparations for next week's G8 summit said on Friday  read more

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Brazil Real Gains Against Dollar on Signs of Recovery

posted by crunchy 2 hours 19 minutes ago in USD made popular 1 hour 28 minutes ago

Brazil’s real rose, paring losses for the week, on speculation the economy is recovering after reports this week that industrial production expanded for a fifth month and exports grew more than expected.  read more

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Greenback Slips From 2-week High Versus Chilean Peso

posted by forexanalysis 2 hours 20 minutes ago in USD made popular 1 hour 48 minutes ago

The US dollar slipped against the Chilean peso during New York afternoon trading on Friday from morning session's 2-week high of 545.50. At present, the pair is trading at 538.85, compared to Thursday's New York session close of 543.45.  read more

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C$ down for third straight week, bonds up

posted by provision 2 hours 21 minutes ago in CAD made popular 2 hours 6 minutes ago

The Canadian dollar nudged higher against the greenback on Friday in thin trading with U.S. markets closed for the Independence Day holiday, but it was lower on the week, its third straight week of declines.  read more

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The Rising Mountain of Debt May Be the Next Crisis

posted by Tantan 5 hours ago in USD, Fundamental, Special made popular 5 hours ago

The country first got into debt to help pay for the Revolutionary War. Growing ever since, the debt stands today at a staggering $11.4 trillion — equivalent to about $37,000 for each and every American.  read more

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Loonie heads for fifth weekly decline as recovery falters

posted by Regon 5 hours ago in USD, CAD made popular 5 hours ago

Canada’s dollar rose, paring a weekly decline that’s been driven by signs the economic recovery is faltering and a drop in crude oil below US$67.  read more