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Canada's Flaherty sees no recession this year

posted by odell 1379 days ago in CAD, Fundamental, GDP made popular 1379 days ago

Canadian Finance Minister Jim Flaherty said he expects solid economic growth this year, despite signs the country was on the brink of a recession in the first half.

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IMM speculators boost long U.S. dollar position

posted by odell 1379 days ago in USD, Sentiment made popular 1379 days ago

Currency speculators boosted
their bets on the U.S. dollar for a third week, according to
the latest weekly data from the Commodity Futures Trading
Commission on Friday.

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Dollar posts 5th weekly gain verus euro

posted by odell 1379 days ago in USD, EUR, GDP made popular 1379 days ago

The U.S. dollar jumped to a six-month high against the euro on Friday, buoyed by another drop in oil prices and growing views the U.S. economic slowdown may be bottoming while growth in the euro zone stalls.

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Canadian dollar rises on manufacturing

posted by odell 1379 days ago in CAD, Fundamental, Manufacturing made popular 1379 days ago

Stronger-than-expected manufacturing figures helped lift the Canadian dollar against the U.S. dollar on Friday, while bond prices took their cue from a rising U.S. Treasury market.

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Industrial output up 0.2 percent in July

posted by odell 1379 days ago in USD, Fundamental, Manufacturing made popular 1379 days ago

Industrial output rose in July at a slightly better pace than expected as a further rebound in the auto industry offset a big plunge in output at the nation's utilities.

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Fed's Lockhart Wants to Keep Rates on Hold

posted by odell 1379 days ago in USD, Inflation made popular 1379 days ago

Federal Reserve Bank of Atlanta President Dennis Lockhart said he prefers to keep interest rates unchanged for now, while anticipating a debate among policy makers about whether to raise them in coming months.

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Pound Declines 11th Day Against Dollar, Slides for 4th Week

posted by odell 1379 days ago in USD, GBP made popular 1379 days ago

The pound slid for an 11th day against the dollar yesterday, the longest run of declines in at least 37 years, on speculation a recession will force the Bank of England to cut interest rates.

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Merk Insight: The Case For and Against the Dollar

posted by odell 1382 days ago in USD, Weekly made popular 1382 days ago

We have been cautioning for some time that volatility in the currency markets may increase further, even from the elevated levels of the past year. Nonetheless, ...

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Euro Gains, Snapping Four-Day Drop, as ECB Cites Inflation

posted by odell 1384 days ago in USD, EUR, Inflation made popular 1384 days ago

The euro gained against the dollar, snapping a four-day decline, after policy makers said the European Central Bank remains focused on inflation and traders judged last week's 3.6 percent drop excessive.

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Has anybody seen my missing EUR75bn?

posted by odell 1389 days ago in EUR, Special made popular 1388 days ago

Net capital outflow puts euro rise at risk, at least if the financial crisis fades.The latest flow-of-funds report from the euro area points a disturbing picture. In annual terms, the broad basic balance (net of current account, direct investment

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Support for the AUD on the wane

posted by odell 1389 days ago in AUD, Daily made popular 1388 days ago

To many, the RBA’s policy statement earlier this week constituted the preparatory stage towards an inevitable cut in interest rates before the Australian winter is out. For so long a stellar performer amongst the world’s major economies, Australi

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BBH FX Currency Strategy Quarterly Report

posted by odell 1389 days ago in Technical, Fundamental, Quarterly made popular 1388 days ago

In the first quarter, the dominant concern was that the credit crisis
posed systemic risks to the world financial system that could lead
to a deep and prolonged economic downturn. The events
surrounding the collapse of Bear Stearns marked an i

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