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Greenback unchanged against rupee

posted by Ving 1 hour 32 minutes ago in USD

The greenback remained unchanged against the national currency in the interbank market, dealers said on Friday.  read more

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Canada rises as world trends downward

posted by Rick2 1 hour 35 minutes ago in CAD, Fundamental

The S&P/TSX Composite Index added 37.19 points, or 0.4%, to 10,283.10, trimming its weekly decline to 1%. Since rising to an eight-month high on June 11, the S&P/TSX has lost 4%.  read more

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Volume of retail trade down 0.4% in euro area and 0.5% in EU

posted by edward 1 hour 36 minutes ago in EUR, Retail Sales

In May 2009, compared with April 2009, the volume of retail trade fell by 0.4% in the euro area (EA16) and by 0.5%in the EU27. In April retail trade rose by 0.1% and 0.3% respectively. In May 2009, compared with May 2008, the retail sales index d  read more

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Japan backs dollar to remain as global key reserve currency

posted by LosingGain 1 hour 40 minutes ago in USD, JPY

Major countries should support the dollar as the key international currency, although emerging nations may discuss a new global reserve currency on the sidelines of the G8 summit next week, a Japanese official said on Friday.  read more

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Daily Forecast for Major and Crosses: July 03

posted by moneymatters 1 hour 42 minutes ago in USD, EUR, GBP

The EURUSD failed to continue it’s bullish momentum yesterday. The pair was unable to stay above 1.4176 area bottomed at 1.3988 and closed at 1.4002. The Greenback was in fact supported by risk aversion following worse than expected NFP data.  read more

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Dollar Gains on U.S. Unemployment Data

posted by pipOhoLic 1 hour 43 minutes ago in USD, Fundamental, Daily

The U.S Dollar gained about 1% versus the EUR and Canadian and New Zealand currencies Thursday after the U.S. government reported more job losses than expected, renewing concerns about the economy and enhancing the greenback's safe-haven appeal.  read more

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So You Think Gold Fell Due To A “Strong Dollar”?

posted by Cittiperth 1 hour 46 minutes ago in USD, Special, Gold

Just a month ago, the Dow Jones Industrial Average was completing a bizarre run from 6,800 to 8,800, following the monster decline from 14,000 less than a year ago.  read more

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Won Leads Weekly Gain as Export Slump Eases

posted by WebMarket 1 hour 52 minutes ago in JPY, Fundamental

Asian currencies gained this week, led by South Korea’s won, as data indicated regional exports are improving as a global recession abates.  read more

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Mexico’s Currency Posts First Decline in 3 weeks on Economy

posted by Sissie 1 hour 57 minutes ago in USD, Fundamental

Mexico’s peso posted its first weekly decline in three weeks on concern surging unemployment in the U.S. will delay an economic recovery in the market that is the biggest buyer of Mexican exports.  read more

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FX Trader - Action Economics

posted by Holt 2 hours 4 minutes ago in EUR, GBP, CHF

The European session saw range bound activity as today's U.S. holiday limited interest. EUR-USD option strikes at 1.4000 saw very narrow ranges, while Cable was knocked lower by a U.S. name and traded back in to 1.6300.  read more

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UK homeowners pay back a record £8.1bn of mortgage debt

posted by friendlydude 5 hours ago in GBP, Housing

UK homeowners repaid a record amount of mortgage debt in the first quarter of the year, in the latest sign that the credit crunch is forcing Britons off a decade-long spending splurge.  read more

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U.S. Economy Economic Recovery Achilles Heel

posted by Romantiq 5 hours ago in USD, Fundamental

he much anticipated economic recovery is now fully discounted by the financial markets. Most strategists and economists seem to agree that the US economy is stabilising and will start to revive towards the end of the year.  read more