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Euro Zone’s current account deficit widened above expectatio
Euro Zone’s deficit in goods and services trade with the rest of the world has increased well above expectations in August, on net outflows of both portfolio and direct investment showed net outflows, according to figures by the European Central
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Euro zone current account deficit jumps
The euro zone payments current account deficit jumped to €8.4 billion in August from a revised figure of €1.8 billion in July, the European Central Bank said today.
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Dollar gives back gains on euro, yen
The dollar slipped against the yen and euro but remained higher against the British pound Thursday, as foreign exchange markets took their cue from volatile equities trading.
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Dollar and Yen Take a Breathe after Strong Rally
Markets stabilize a bit in early US session, digesting strong gains in dollar and yen. The greenbacks surged to 5 year high against Sterling and 4 year high against Canadian dollar. Yen, on the other hand, reached a 6 year high against Euro. Econ
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Dollar Soars Versus Sterling, Nears 13-Year Low Versus Yen
The resurgent dollar continued its levitation act versus most other major currencies on Thursday, rising to a fresh 5-year high against the sterling while consolidating its gains against the euro.
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US working on plan to help homeowners refinance
Federal regulators told Congress Thursday they're working on a plan that could help many distressed homeowners escape foreclosure in a global financial crisis that Federal Reserve Chairman Alan Greenspan warned will get worse before it gets bette
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US: People nervous now, but expect economy to improve
People are skittish about the economy's immediate future. Ask how things will be in a year and you hear a different story -- and a remarkable show of optimism despite economists' widespread expectations that a serious recession is brewing.Most
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OPEC to Cut Production at Friday Meeting
OPEC’s emergency meeting is scheduled for Friday. Over the past 3 months, oil prices have fallen more than 50 percent! I think that it is worthwhile to revisit an oil chart that I posted earlier this week. Although they are expected to reduce pro
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The Yen Continues To Rise, The Carry Trade Is Dead
The yen continues to rise against both the dollar and the euro. The entire universe of the FX trade complex is in a roaring collapse as the old status quo of the Japanese carry trade violently unwinds. This is exposing all the hedge schemes and o
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Greenspan Warns Of "Significant Rise" In Unemployment
Former Federal Reserve Chairman Alan Greenspan addressed what he termed a "once-in-a century credit tsunami" Thursday before the House Committee on Oversight and Government Reform.
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Forex Meltdown Intensified by Fears of Recession
The Forex meltdown took a life of its own in Asian and European trade, reflecting further deleveraging in equity and credit markets, and especially intensified by the fall out in emerging market currencies and prolonged reaction to remarks from B
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The Second Bailout Plan: What is REALLY Going to Happen
There are times to act on investing opportunities, and there are times to sit back and reflect while minimizing market exposure. If you've been arou


