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Sterling trims gains made on HBOS merger deal

posted by dooly 1346 days ago in GBP, Technical made popular 1345 days ago

Sterling trimmed gains in late European trade as the dollar benefited from a rebound in U.S. stocks triggered by coordinated central bank action to help beleaguered money markets.

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U.S. dollar slides to session lows versus yen

posted by dooly 1347 days ago in USD, JPY, Technical made popular 1346 days ago

The dollar extended losses on Wednesday, dropping to session lows versus the yen, as rising concerns about the health of the U.S. financial sector sparked a rise in risk aversion.

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Consumer prices fall 0.1% on weaker energy prices

posted by dooly 1348 days ago in USD, Fundamental, Inflation

With energy prices falling sharply, U.S. consumer prices declined 0.1% in August, the first decrease in nearly two years, the Labor Department reported Tuesday.

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Fed sets initiatives to limit market disruption

posted by dooly 1349 days ago in USD, Fundamental, Special made popular 1349 days ago

With Wall Street scrambling to contain a financial crisis, the Federal Reserve on Monday assembled a series of emergency tools to head off panic, expanding its loan programs and accepting a broader range of collateral for its loans.

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Atlanta Fed's Lockhart sees inflation peaking soon

posted by dooly 1367 days ago in USD, Fundamental, Inflation made popular 1366 days ago

The president of the Federal Reserve Bank of Atlanta came down squarely Wednesday on the side of Fed chief Ben Bernanke, who has argued that inflationary pressures should ease in coming months.

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Home prices fall a record 15.9% year over year

posted by dooly 1368 days ago in USD, Fundamental, Housing made popular 1368 days ago

U.S. home prices fell at a record rate in June, putting more pressure on an already-fragile financial system.

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Fed's Plosser pushes for quick rate hikes

posted by dooly 1437 days ago in USD, Fundamental, Inflation

Philadelphia Federal Reserve President Charles Plosser called Thursday for a quick rate hike to combat inflation pressures that have moved beyond commodity prices.

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Pound recovers on renewed inflation fears

posted by dooly 1438 days ago in GBP, Fundamental, Inflation

The pound firmed towards day highs following further bad UK inflation news. Barclays Capital found that the median rate of inflation expectations in June was 4.4 percent for the coming twelve months, up 0.7 percentage points from the rate recorde

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BoE Minutes Shows MPC Voted 8-1 To Maintain Interest Rate

posted by dooly 1438 days ago in GBP, Fundamental, Inflation

The Monetary Policy Committee of the Bank of England voted 8-1 to retain key interest rate at 5% in its meeting held on June 4 and 5, the Minutes of the session showed Wednesday.

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Housing starts fall to 17-year low in May

posted by dooly 1439 days ago in Fundamental, Housing made popular 1438 days ago

Desperately trying to reduce supply, U.S. home builders started construction on 3.3% fewer homes in May, the Commerce Department estimated Tuesday.

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Producer prices gain 1.4% in May; energy prices surge

posted by dooly 1439 days ago in USD, Fundamental, Inflation

Producer prices jumped in May on a surge in energy costs, the government reported Tuesday, while economists noted that costs were tamer elsewhere in the economy.

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Sharply Higher Energy Prices Contribute To Jump In Producer

posted by dooly 1439 days ago in USD, Fundamental, Manufacturing made popular 1439 days ago

Tuesday morning, the Department of Labor released its report on producer price inflation in the month of May, showing that prices rose more than economists had been expecting amid a substantial increase in energy prices.

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