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Dollar rebounds on rate rise prospect

posted by portelo 909 days ago in AUD

THE Australian dollar rebounded sharply today, coming off its afternoon lows despite patchy dealings as traders prepared for an domestic interest rate hike today.

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Decline of 0.6% seen in U.S. October durable-goods orders

posted by portelo 912 days ago in USD, Fundamental made popular 912 days ago

The weaker demand for machinery and defense goods led to a drop of 0.6% in orders for U. S.-made durable goods in October.

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Kentucky Unemployment Rate Up In October

posted by portelo 919 days ago in USD, Employment made popular 919 days ago

The Kentucky economy showed small signs of improvement in October, but progress is not apparent in the unemployment rate.

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Kiwi dollar eases after weak US house data

posted by portelo 920 days ago in NZD, Fundamental made popular 920 days ago

The New Zealand dollar eased lower after weaker-than-expected US housing data eroded investors' appetite for higher-yielding, or riskier, assets and dragged down stocks on Wall Street.

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Copper Climbs to 14-Month High on Outlook for Chinese Demand

posted by portelo 921 days ago in Fundamental, Metals made popular 921 days ago

Copper rallied to a 14-month high in Asia on speculation that rising consumption in China will offset weaker demand in the U.S.

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The Fragility of a Dollar-Based Money System

posted by portelo 922 days ago in USD, Fundamental, Daily

We got back from South America on Friday…ready for a rest. So, we spent the weekend reading…and occasionally, thinking.

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Dollar edges down vs. yen after Japan data

posted by portelo 928 days ago in USD, JPY

The dollar edged down against the yen in the Asian session Wednesday after better-than-expected Japanese machinery orders data, but was nearly flat against other major rivals.

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Gold steady, remains near record high

posted by portelo 928 days ago in Gold

Gold was firm on Wednesday and look
poised to scale past record highs marked this week on the back of a weak dollar.

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Dollar Trades Near Two-Week Low on China Economy Optimism

posted by portelo 928 days ago in USD

The dollar traded near a two-week low versus the euro before Chinese economic reports today that may support demand for higher-yielding assets.

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Euro, pound slide against dollar

posted by portelo 934 days ago in USD, EUR, GBP made popular 934 days ago

The euro and the pound fell sharply against the dollar on Tuesday as European stock markets tumbled and Britain unveiled a major shake-up of the banking industry, analysts said.

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Oil extends gains in Asian trade

posted by portelo 936 days ago in Fundamental, Oil made popular 936 days ago

Oil rose further in Asian trade Tuesday, underpinned by a better-than-expected expansion in the US manufacturing sector, analysts said.

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Rubber Slumps Most in a Month, Economic Recovery May Falter

posted by portelo 937 days ago in USD, Manufacturing, Consumer made popular 937 days ago

Rubber slumped by the most in a month as a drop in U.S. consumer spending and the bankruptcy of CIT Group Inc. stoked concern that an economic recovery may falter, curbing demand for the commodity used in tires.

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