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Obama's budget proposal draws rapid fire from legislators

posted by sassygirl 844 days ago in USD made popular 844 days ago

President Obama's proposed $3.8 trillion budget ran into immediate trouble in Congress on Monday among lawmakers who said it tries to do too much while cutting the deficit too little.

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The Deficit and the Dollar

posted by sassygirl 844 days ago in USD, GDP, Employment made popular 844 days ago

President Obama’s proposed budget for fiscal 2011 includes a projected shortfall of a record $1.56 trillion in fiscal 2010 – a deficit equivalent to about 10.6% of the gross domestic product.

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Reserve to raise rates again before taking a breather

posted by sassygirl 845 days ago in AUD, Inflation made popular 845 days ago

The Reserve Bank is expected to order an unprecedented fourth consecutive interest rate rise today, but economists are forecasting the central bank might pause in March to assess the impact on the economy.

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Bank urged to support fragile economy

posted by sassygirl 846 days ago in GBP, Fundamental made popular 845 days ago

The Bank of England is being urged to keep its printing presses on amid mounting fears that the recovery could stall.

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Forex Trading And Forex Signal Weekly Summary

posted by sassygirl 847 days ago in USD, GDP

The last forex trading session of this week did not bring a large number of economic data being released to the market. Investors were waiting for the reading of GDP growth for the fourth quarter from the United States.

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BOJ Members Disagreed Over Inflation Range Effect, Minutes S

posted by sassygirl 849 days ago in JPY, Inflation

Bank of Japan board members were divided over how financial markets might interpret their range for price stability in December, minutes show.

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JPY Weekly Commentary 1/22/10

posted by sassygirl 849 days ago in JPY, Weekly

Despite a strong move higher for the USD index, the Japanese yen ended the week up 1.0% against the greenback as risk aversion spiked up in the wake of more tightening moves from the Chinese authorities, mixed news on the US economy, worries abou

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EUR Weekly Commentary 1/22/10

posted by sassygirl 849 days ago in EUR, Weekly made popular 849 days ago

The euro suffered one of its worst week's in over a month falling 1.7% against the US dollar on elevated risk aversion driven in large part by perceptions of greater default risk for Greece and other problem states in the Euro Zone, as well as wo

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CAD Weekly Commentary 1/22/10

posted by sassygirl 849 days ago in CAD, Weekly made popular 849 days ago

The Canadian dollar suffered one of its worst weeks against the US dollar since October 2009 ending the week down 2.7% in light of the rise in risk aversion, weaker commodity prices and mixed economic news.

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GBP Weekly Commentary 1/22/10

posted by sassygirl 850 days ago in GBP, Weekly made popular 850 days ago

The British pound ended the week down 1.0% against the USD reflecting the broad advance for the greenback against risk currencies in the face of sovereign credit concerns in Europe, China tightening measures and mixed US economic and political ne

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AUD Weekly Commentary 1/22/10

posted by sassygirl 850 days ago in AUD, Weekly made popular 850 days ago

With risk aversion up more again this week, the Australian dollar ended the down 2.4%. China tightening measures and sagging commodity prices sent the AUD down sharply.

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UK creeps out of recession

posted by sassygirl 851 days ago in GBP, Fundamental

The British economy has crept out of recession, by a lower than expected 0.1 per cent.

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