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Japan Consumer Sentiment Falls to Record Low on Gas

posted by warrenbuffet 8 days ago in JPY, Consumer made popular 8 days ago

Japanese consumers became the most pessimistic they've been in at least 26 years, indicating their spending is unlikely to trigger a recovery in the world's second-largest economy.  read more

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Canadian Dollar Declines to Lowest in a Year on Commodities

posted by pippinallnite 8 days ago in CAD made popular 8 days ago

Canada's dollar fell to the lowest level in almost a year after prices of the nation's commodity exports declined.  read more

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Crude Oil Trades Above $119 After Fire Shuts BP Pipeline

posted by MarcB 14 days ago in USD, Oil made popular 14 days ago

Crude oil futures traded little changed above $119 a barrel after a Turkish section of a BP Plc- led pipeline for Azeri crude was shut by an explosion.  read more

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German Factory Orders Slump In June

posted by JayP 14 days ago in EUR, Fundamental, Manufacturing made popular 14 days ago

German factory orders fell for the seventh consecutive month in June as overseas demand decreased notably.  read more

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Australian Dollar Trades Near Four-Month Low

posted by MarcB 14 days ago in AUD, NZD made popular 14 days ago

The Australian dollar traded near the lowest in four months as the yield advantage of the nation's two- year government bonds over U.S. Treasuries shrank to the least this year. The New Zealand dollar gained.  read more

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Japan's wholesale inflation hits 27-year high

posted by warrenbuffet 8 days ago in JPY, Fundamental, Inflation made popular 8 days ago

Japanese wholesale inflation hit a 27-year high in July while consumer confidence struck a new record low, official figures showed Tuesday, adding to gloom about the health of Asia's largest economy.  read more

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Highest Unsold Home Supply Since '82 Seen Need 50% Reduction

posted by MarcB 13 days ago in USD, Fundamental, Housing made popular 13 days ago

Hovnanian Enterprises Inc., New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April.  read more

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Paulson: Give stimulus time to work

posted by warrenbuffet 8 days ago in USD, Fundamental, GDP made popular 8 days ago

Treasury Secretary says $168B tax rebate was right size to help economy this year; also says 'a lot of truth' to President Bush quip last month that Wall Street's 'got a hangover.'  read more