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Canadian Real GDP Commentary

posted by keiragabe 1212 days ago in CAD, Fundamental, Daily made popular 1212 days ago

The Canadian economy has given in to international economic pressures surrounding it, and is now showing clear signs of a recession. A 0.7% GDP contraction in November was much worse than the 0.4% expected by markets, but in line with TD Economic

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Euro falls further against dollar to $1.2875

posted by jonell 1212 days ago in USD, EUR made popular 1212 days ago

The euro fell further against the dollar Friday, despite news out of the U.S. that unemployment levels had reached record highs.

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European Inflation Rate Falls, Unemployment Increases

posted by penpip 1213 days ago in EUR, Fundamental, Inflation made popular 1212 days ago

Europe’s inflation rate fell more than economists forecast to the lowest since the year the euro was introduced and unemployment rose for a fifth month, giving the European Central Bank more scope to cut interest rates further.

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Economy in U.S Probably Contracted at Fastest Pace Since '82

posted by post-it 1213 days ago in EUR, Fundamental, GDP made popular 1212 days ago

The U.S. economy probably nosedived in the final months of last year, a trajectory that’s likely to continue in early 2009 as soaring unemployment wallops consumer spending, economists said before a government report today.

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New Zealand Has still Room for Further Rate Cuts: RBNZ Chief

posted by blitz 1213 days ago in NZD, Fundamental, Inflation made popular 1212 days ago

Friday, Reserve Bank of New Zealand Governor, Alan Bollard said there is still room for the central bank to cut the official cash rate, or OCR, further in response to adverse economic developments.

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Japan’s Consumer Inflation Slows to 0.2% as Recession Deepen

posted by morgan 1213 days ago in JPY, GDP, Inflation made popular 1213 days ago

Consumer prices excluding fresh food rose 0.2 percent from a year earlier, slower than the 1 percent pace in November, the statistics bureau said today in Tokyo. The result was lower than the 0.3 percent median estimate of 35 economists surveyed.

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Investors worried over gold, platinum & silver ETFs?

posted by neorix 1213 days ago in Gold, Metals made popular 1213 days ago

Even though the world is gung-ho over the gold demand and rising bullion prices, there are sceptics who doubt the potential of gold, silver and platinum in the coming days.

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