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Dollar Keeps Gains Despite GDP Data

posted by annie 1212 days ago in USD, GDP

The dollar held on to overnight gains against the euro Friday morning despite the release of weak fourth-quarter U.S. gross domestic product data.

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U.S. Advanced Q4 GDP; Canadian November GDP

posted by annie 1212 days ago in USD, CAD, GDP

There are some key data releases on Friday, including a first look at U.S. fourth quarter GDP, the main highlight of the day. That will be followed by the ISM Chicago manufacturing index. In Canada, all eyes will be on the release of November's G

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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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Norway oil fund expels Textron, Barrick Gold

posted by LosingGain 1212 days ago in EUR, Oil made popular 1212 days ago

Norway's $300 billion plus sovereign wealth fund has excluded U.S. weapons producer Textron Inc (TXT.N) and Canadian mining group Barrick Gold Corp (ABX.TO) for ethical reasons.

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Grim Japan, US figures show world crisis deepening

posted by ctrlaltdel 1212 days ago in USD, JPY, Fundamental made popular 1212 days ago

Japan sank deeper into recession with industrial output tumbling and inflation slipping to almost zero, while US data was also expected to mirror the worsening financial crisis.

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UK house prices continue to decline

posted by realtrade 1212 days ago in GBP, Fundamental, Housing made popular 1212 days ago

Nationwide has reported a 15 consecutive fall in UK house prices, with confirmation of a 1.3% reduction in prices in January, and the UK land registry house price index also revealed a 2% reduction in prices in December and a revision of the Nove

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U.S. Economy Likely Shrank at Fastest Clip in 27 Years

posted by freshmint 1212 days ago in USD, Fundamental made popular 1212 days ago

The country tumbled deeper into recession and probably logged its worst economic performance in a quarter-century during the final three months of last year as battered consumers and businesses throttled back spending.

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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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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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Japan Dec Industrial Output -9.6% on Month

posted by strawberry 1213 days ago in JPY, Fundamental made popular 1213 days ago

Industrial output in Japan was down 9.6 percent in December compared to the previous month, the Ministry of Economy, Trade and Industry said on Friday, posting an index score of 84.6 and marking the statistic's largest monthly decline since Tokyo

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China, Germany pledge joint efforts to stabilize global eco.

posted by keiragabe 1213 days ago in EUR made popular 1213 days ago

China and Germany have vowed to make joint efforts to stabilize the global economy amid the ongoing financial and economic crisis, said a joint statement issued Thursday.

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