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Dollar drops as investors seek safe haven

posted by olivia 1312 days ago in USD, AUD made popular 1312 days ago

The Australian dollar was weaker at noon, as demand for the US currency and lower commodity prices dragged the local unit lower.

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Dollar Rises Beyond 1.30 Level Against Euro

posted by xjessicax 1313 days ago in USD, EUR made popular 1313 days ago

Wednesday morning in Asia, the US dollar strengthened beyond the 1.30 level against the euro for the first time since February 2007. The dollar also surged to a fresh 5-year high against the pound and a new multi-month high against the franc. But

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Canada's Dollar Falls on Securities, Wholesale Sales Reports

posted by maximumpips 1314 days ago in CAD, Fundamental made popular 1314 days ago

Canada's currency weakened after wholesale sales in August fell for the first time since February and foreigners decreased their holdings of Canadian securities for a second month.

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Bernanke endorses fiscal stimulus

posted by pipsmgee 1314 days ago in USD, Fundamental made popular 1314 days ago

Another shot of fiscal stimulus may be needed now to help the U.S. economy recover from what could be a drawn-out slowdown, Ben Bernanke said Monday.

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Swedish Govt. Announces Financial Stability Plan

posted by fxmasta 1314 days ago in EUR, Fundamental made popular 1314 days ago

Monday, the Swedish Government announced a proposal for a stabilization plan for the financial system. The plan comprises steps to secure financial stability and to deal with the negative effects of the global financial crisis.

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Japanese Govt. Says Economy Weakened Further

posted by lovethefx 1314 days ago in JPY, Fundamental made popular 1314 days ago

The Japanese Cabinet Office slashed its assessment on the economy as slowdown in overseas economies and continuing strain in the financial market. The world’s second-largest economy, in its monthly economic report for October said, the economy ha

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UK economy not expected to recover until 2011

posted by eriathwen 1314 days ago in GBP made popular 1314 days ago

Britain's economy is not expected to fully recover from the current financial crisis for three years, according to a bleak report on the impact of an impending recession on the country's "real economy."

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Recession stalks UK, threatens global economy

posted by princesa 1315 days ago in GBP made popular 1314 days ago

More warnings about the fragile state of the UK and world economies were offered on Monday as a global recession became a more realistic prospect.

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UK economy to contract for further 12 months

posted by aranel 1315 days ago in GBP made popular 1314 days ago

The UK economy is expected to contract for three or four quarters, the Ernst and Young Item Club has predicted.

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Dollar Declines as U.S. Housing Starts Fall More Than Foreca

posted by maximumpips 1317 days ago in USD, JPY, Fundamental made popular 1317 days ago

The dollar fell against the yen after a government report showed U.S. housing starts dropped in September more than economists forecast.

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ECB’s Gonzalez-Paramo Says Financial Market Crisis Enhances

posted by lovethefx 1317 days ago in EUR, Fundamental made popular 1317 days ago

The recent intensification of the financial market crisis has affected the outlook for economic growth and price stability in the euro area, the Executive Board member of the European Central Bank, Josï¿½ Manuel Gonzalez-Paramo said in a speech l

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Japan’s Nikkei Index Tanks by Over 10%

posted by czarinacleopatra 1317 days ago in JPY made popular 1317 days ago

Japan’s most important stock index the Nikkei tanked by more than 10% at one point in early Thursday trading driven by tottering US stock markets and recession fears across the globe.

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