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U.K. Manufacturing Shrinks as Recession Slows Lending Growth

posted by sora 1181 days ago in GBP, GDP

U.K. manufacturing shrank for a 10th month and consumer lending rose at the slowest pace since at least 1993, evidence Britain’s recession is intensifying.

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AUD Weekly Commentary 02/27/09

posted by princesa 1181 days ago in AUD, Weekly

The Australian dollar ended the week down 0.9% versus the US dollar reflecting the broader movement out of risk and broadly lower commodity prices.

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U.S. Consumer Spending Rises After Six Straight Drops

posted by camac 1181 days ago in Consumer

Consumer spending rose in January for the first time in seven months as Americans took advantage of post-holiday discounts, a gain that’s unlikely to last because of the surge in joblessness.

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U.S. Dollar trades up as equities sink worldwide

posted by fahrell 1181 days ago in USD

The dollar gained on the currencies of the other major economies Monday, gathering steam as the Dow Jones industrials sank below 7,000 and equities plunged abroad.

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Canada Dollar Falls as GDP Shrinks

posted by princess 1181 days ago in CAD, GDP

Canada’s dollar weakened to the lowest level since December after a report showed the economy shrank in the fourth quarter and the nation’s finance chief said the negative economic news hasn’t ended.

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Canadian Dollar Declines as Greenback Gains, Economy Shrinks

posted by erzon 1181 days ago in CAD, GDP made popular 1181 days ago

Canada’s dollar fell after a report showed the economy shrank in the fourth quarter and the currency’s U.S. counterpart gained.

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UK mortgage lending falls 60% in January

posted by mateo 1181 days ago in GBP, Housing made popular 1181 days ago

UK mortgage lending plunged by 60 per cent in January, compounding the gloom surrounding Britain’s housing market.

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NZ Dollar plunges to six-year low

posted by chezka 1181 days ago in NZD made popular 1181 days ago

The New Zealand dollar plunged to a six-year low today as investors around the world again sought haven in US dollar assets.

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Japan's car sales plunge

posted by ColdFire 1181 days ago in JPY, Manufacturing made popular 1181 days ago

Sales of new vehicles in Japan plunged last month, figures showed Monday, underlining the industry's deepening woes as the economic downturn causes a slump in consumer spending.

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NZD Tumbles To Near 6 1/2 Year Low Against USD

posted by sora 1181 days ago in USD, NZD made popular 1181 days ago

The New Zealand dollar plunged to a near 6 1/2 year low versus the US dollar during Monday's Asian trading as a slump in equities forced investors to liquidate their positions in higher-yielding assets.

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US jobless claims hit highest level since 1982

posted by ceronueve 1185 days ago in USD, Employment made popular 1185 days ago

New US jobless claims surged to 667,000 in the past week, the highest in over 26 years, data showed Thursday in a sign of ongoing labor market stress.

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Swiss, Chinese Sign $400 Million of Trade Agreements

posted by chuzzle 1185 days ago in CHF, Trade made popular 1185 days ago

Swiss companies including Holcim Ltd. signed as much as $400 million of trade deals with Chinese executives today as the two nations sought to expand business to counter the deepening global economic slump.

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