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Pound Approaches 13-Month Low Versus Euro Before Interest-Rates Decision

posted by Avatar posh 387 days ago in EUR made popular 387 days ago

The likelihood of a rise in the key rate is practically nil, he added. The pound weakened 0.1 percent to 90 pence per euro as of 8:14 am in London. It strengthened 0.2 percent to $1.6527 and weakened 0.1 percent to 132.75 yen. ... read more
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Asia Open - Overnight Highlights

posted by Avatar posh 390 days ago in Commodities made popular 390 days ago

USD/JPY fell in early trading to test the 81.00 level amid low volumes as Japan is out for Golden Week. The appearance of buyers sparked a low volume move to highs of 81.69. Range trading lasted until late trading, eurozone time and the 81.00 level was ... read more
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UK March Mortgage Approvals Remain Subdued: BoE

posted by Avatar posh 401 days ago in USD, EUR, GBP made popular 401 days ago

Further, gross lending decreased to GBP 9 billion from GBP 9.2 billion in February. After a decline in household demand for secured lending for house purchase in the first quarter, the central bank expects further fall over the coming three months. ... read more
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EUR/USD, EUR/JPY Flows: EUR: What goes up must come down

posted by Avatar posh 404 days ago in EUR, JPY made popular 403 days ago

Nikkei -1.08%, and with BoJ Governor Masaaki Shirakawa and board highlighting the downside risks for the economy. Could see more risk aversion and possibility of technical recession. USD/JPY at 82.40-42, offers 82.50-60 for now, eye break of 82.00, ... read more
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Trade with the Central Banks

posted by Avatar posh 408 days ago in EUR, Economic Indicators made popular 408 days ago

With the ECB stating clearly that it will act decisively to control inflation meaning increasing rates and the BoJ promising to flood the market with cheap money for an extended period the prospects of the euro and other high yield currencies ... read more
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Russia sells EUR/USD

posted by Avatar posh 410 days ago in EUR, Commodities made popular 410 days ago

Gerry, will eur/usd still be going down to target of 143.5? Gerry Davies: I've seen them on both sides of the market over a period of minutes, let alone hours and days. Mano: I think the USD/CAD deserves the Gold star for today as it broke it's 40 pip ... read more
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Rabobank FX: Commodity currencies storm ahead

posted by Avatar posh 411 days ago in GBP made popular 411 days ago

The 2007/08 depreciation in the pound and the rise in oil prices have been major contributors to the strength of UK inflation (see graph). A third major factor has been the January VAT hike. Higher fuel, food and taxes have all been eroding consumers' ... read more
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Euro Advances as ECB Raises Interest Rates Before Fed, BOJ

posted by Avatar posh 414 days ago in EUR, JPY

The yen declined 2.6 percent to 122.76 per euro, reaching 123.08, the weakest since May 2010. Japan's currency lost 0.8 percent to 84.76 per dollar. The ECB raised its key rate by 25 basis points to 1.25 percent April 7. The increase was forecast by ... read more
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Euro slips; market nervous on ECB rate path

posted by Avatar posh 415 days ago in all

The euro slipped from multi-month highs on Thursday with the market fearful of a scaling back of expectations for more euro zone interest rate rises this year, ahead of a widely expected tightening at 1145 ... read more
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Clean Harbors Signs Definitive Agreement To Acquire Peak Energy Services

posted by Avatar posh 416 days ago in USD, CAD, Commodities made popular 416 days ago

Under the agreement, Clean Harbors will purchase Peak for approximately CAD $196 million consisting of a combination of cash and assumed debt. The acquisition is subject to approval by regulators and Peak shareholders, as well as other customary ... read more
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Yen Falls to Six-Month Low Versus Dollar; Asian Stocks Decline

posted by Avatar posh 417 days ago in JPY made popular 416 days ago

We're in the middle of an interest-rate upcycle, with the tail-end likely to come by the end of this year. The yen weakened against all 16 most active counterparts and fell 0.8 percent to 121.64 per euro. The Bank of Japan will likely keep its target ... read more
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Euro Falls Further Against Dollar And Pound On Portugal's Downgrade

posted by Avatar posh 417 days ago in USD, EUR, CAD, AUD, Economic Indicators

Year-on-year, the retail sales volume edged up 0.1 percent in February, smaller than the 0.4 percent increase seen in January. Economists had expected the annual growth rate to accelerate to 0.6 percent in February. With the euro zone's manufacturing ... read more