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Bubble Fears Propel ECB's Caution on Rates

posted by milkyway 1220 days ago in EUR, Fundamental, Inflation

The European Central Bank is likely to move cautiously in lowering its key rate closer to zero, a top policy maker there suggested, because the bank doesn't see deflation threatening the euro zone now and is wary of creating another credit-fueled

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European Services, Manufacturing Contract for Eighth Month

posted by camac 1220 days ago in EUR, Manufacturing made popular 1220 days ago

Europe’s manufacturing and service industries contracted for an eighth month in January as the global recession curbed demand for exports and damped spending.

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Australia May Cut Interest Rate Below 2%, Fraser Says

posted by chloegurl 1220 days ago in AUD, Fundamental, Inflation made popular 1220 days ago

Australia’s central bank may more than halve its benchmark interest rate as the nation enters a long and deep recession, former Governor Bernie Fraser said.

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Base Metals lost 65% of their value in one year

posted by neorix 1220 days ago in Metals made popular 1220 days ago

Base metals once used to be the hottest commodities as the world was witnessing a construction, retail and information technology boom in the last few years. But in the last one year, base metals like nickel, copper, aluminium and zinc have been

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Yen Set for Best Week Versus Pound in 3 Months

posted by sassygirl 1220 days ago in JPY, GBP, GDP made popular 1220 days ago

The yen headed for its biggest weekly gain in three months against the pound and approached the strongest since 1995 versus the dollar as concern the global slowdown will worsen spurred investors to buy Japan’s currency.

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Swiss Franc Grows against Euro

posted by fahrell 1220 days ago in EUR, CHF made popular 1220 days ago

The appeal for the stock markets declined and the low-yielding assets became more attractive, boosting the demand for the Swiss franc against the Euro for a second day, today.

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U.K. Jobless Claims Rise 77,900 as Recession Deepens

posted by tsukasa 1220 days ago in GBP, Employment made popular 1220 days ago

U.K. unemployment rose at the second-fastest pace since 1991 in December as the worsening recession prompted retailers and automakers to cut jobs.

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Yen Climbs, Nearing Record High Versus Pound

posted by princesa 1220 days ago in JPY, GBP made popular 1220 days ago

The yen rose toward a record high against the British pound and traded near the strongest level since 1995 versus the dollar as concern the global slowdown will worsen spurred investors to take refuge in Japan’s currency.

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