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Forex News: Euro Update

posted by jirachi 874 days ago in EUR, Manufacturing made popular 874 days ago

Data reported on Friday showed that manufacturing activity contracted at a far slower pace than expected, and that the services sector decline seen over the past 11 months was flat in July, lifting the Euro a bit.

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Home reports make return of 'offers over' prices unlikely

posted by jirachi 876 days ago in GBP, Housing made popular 876 days ago

Home reports have changed the Scottish housing market in ways that are unlikely to be reversed if prices rebound to their 2007 highs, an expert has claimed.

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Oil prices up 78% in 2009

posted by jirachi 877 days ago in USD, Oil made popular 877 days ago

US crude for February delivery settled up 8 cents at $US79.36 per barrel, compared with a close of $44.60 on 31 December, 2008. London Brent crude fell 10c on Thursday to settle at $US77.93.

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US rate rise key to our dollar's strength

posted by jirachi 877 days ago in USD, AUD, Inflation made popular 877 days ago

THE Australian dollar could reach parity with the US dollar for the first time in 27 years this year if Asia's hunger for Australia's commodities and assets deepens.

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Euro zone deficits must be cut

posted by jirachi 882 days ago in EUR, Trade made popular 882 days ago

Banks must provide sufficient credit and governments in the euro zone must reign in public finances to support a global economic recovery in 2010, the President of the European Central Bank (EBC) said on Sunday.

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USD dominates Euro

posted by jirachi 888 days ago in USD made popular 888 days ago

The dollar rose sharply on Friday against a steadily weakening euro as persistent concerns over Greek creditworthiness weighed on the single currency, dealers said.

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Key measure of inflation rises to 1.9%

posted by jirachi 888 days ago in GBP, Inflation made popular 888 days ago

This is an increase on October’s figure of 1.5% and means that November’s rate is the highest since May this year. The inflation rate is forecast to rise further next year when the VAT discount ends.

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A dollar ain't a dollar anymore

posted by jirachi 889 days ago in USD made popular 889 days ago

Add Benjamin Franklin’s wink to the US dollar’s list of humiliations. The 18th-century American statesman is perhaps best-known in Asia for gracing the front of the $100 bill. Asians used to worry about counterfeit “Benjamins”.

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NZ fiscal and economic outlook improving

posted by jirachi 894 days ago in NZD, GDP, Trade made popular 894 days ago

New Zealand raised its growth and lowered its debt forecasts on Tuesday, seeing government finances back in the black two years sooner than expected after a shallower recession than previously thought.

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Gold off 4-week lows as dollar dip supports

posted by jirachi 895 days ago in USD, Gold made popular 894 days ago

Gold prices rose and moved away from four-week lows on Monday as the dollar reversed course and dipped against a basket of major currencies, paring gains made after upbeat U.S. economic data late last week.

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AUD/USD: Trading the Reserve Bank of Australia Interest Rate

posted by jirachi 896 days ago in USD, AUD, Inflation made popular 896 days ago

We see it prudent to be on the same side of the trade as major institutions and will favor a bullish bias on AUDUSD ahead of the data release.

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Aussie dollar recovers vs NZ$

posted by jirachi 896 days ago in AUD, NZD made popular 896 days ago

The Australian dollar was holding firm on Friday as higher stock markets abroad and the greater prospect of further.

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