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Canadian dollar advances slightly amid solid November trade report

posted by Avatar Lacy 134 days ago in CAD

Canadian dollars, or loonies, sit on American dollar bills on Sept. 20, 2007 in Montreal. THE CANADIAN PRESS/Paul Chiasson TORONTO - The Canadian dollar was up slightly Friday morning amid a strong trade report and weak commodity prices. ... read more
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Daily Technical Majors: EUR/USD, GBP/USD, USD/CHF, USD/JPY

posted by Avatar Lacy 134 days ago in CHF made popular 134 days ago

GBP/USD fell below the 1.53 level on Thursday, but didn't manage to stay under it. The area is serious support, and a breaking below the support zone would have massive implications in the pair going forward. If it gives way, the massive head and ... read more
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Indian shares rise; L&T, Tata Motors gain

posted by Avatar Lacy 135 days ago in USD, EUR, JPY, CAD, AUD made popular 135 days ago

Indian shares rose on Friday on hopes improving global risk ... read more
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NZD/USD managed to hold above 0.7900

posted by Avatar Lacy 135 days ago in NZD made popular 135 days ago

The Kiwi reached during the European session the highest price in two months against the US Dollar at 0.7978 but after Wall Street opening lost momentum and retreated. The NZD/USD tumbled to 0.7907, 2-day low but managed to ... read more
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Cut in MEP to provide relief to onion growers: Vikhe Patil

posted by Avatar Lacy 135 days ago in Commodities

PTI | 09:01 PM,Jan 12,2012 Mumbai, Jan 12 (PTI) The Union government's decision to reduce the minimum export price (MEP) of onions by USD 100 per tonne is expected to bring some relief to the onion farmer, Maharashtra Agriculture Minister Radhakrishna ... read more
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EUR/USD falls to test 15-month lows

posted by Avatar Lacy 136 days ago in EUR made popular 136 days ago

The US Dollar holds a bullish tone in the market that is keeping the EUR/USD under pressure. If it falls below 1.2666, the Euro would be trading at the lowest level since September 2010. According to Valeria Bednarik, Chief Analyst at FXstreet.com ... read more
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Higher gold prices, flat Canadian stocks seen for 2012

posted by Avatar Lacy 145 days ago in CAD

In addition, Canada's large financial-sector weighting in stock markets will cap the potential for gains as Canadian financial institutions face challenges from a rising interest rate environment. We predict a flat performance for the Canadian stock ... read more
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Loonie Averages Above Parity in 2011

posted by Avatar Lacy 147 days ago in CAD made popular 147 days ago

In 2011, the loonie averaged above parity with the US dollar for the first time in 35 years. The Canadian dollar was at its highest annual value since 1976, averaging 98.92 Canadians cents per US dollar. The loonie is ending the year at $1.0213 ... read more
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EUR/USD, GBP/USD Flows: WSJ: French Pres Sarkozy Outlines Jobs Plan

posted by Avatar Lacy 149 days ago in EUR, JPY made popular 149 days ago

EUR/JPY hit 10 year 6 month lows of 100.06, lowest since Jun 1 2001 99.78. EUR/JPY at 100.33-36, from 100.61 NY close. EUR/JPY 1-m Option Vols 12.100/13.380% - last levels seen at 12.74%, seen edging up again as EUR/JPY threatens 100.00. ... read more
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Russia finance official: volatile EUR, stable USD

posted by Avatar Lacy 152 days ago in EUR made popular 152 days ago

Russia's former finance minister Alexei Kudrin has long advised Russians to spread their savings equally between euros, dollars and rubles. "Probably, he travels to Europe more," Storchak said when asked about the difference with his former boss. ... read more
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Strains likely emerging on Pakistan' external balance

posted by Avatar Lacy 153 days ago in CAD made popular 153 days ago

... the widening CAD, SBP data indicates. The deficit widened further due to smaller demand for export products in Pakistan's major exports markets and a continuing increase in the country's own import bill especially oil and petroleum products. ... read more
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EUR Pessimism Reaches a High

posted by Avatar Lacy 158 days ago in EUR, Economic Indicators

Wednesday's existing home sales will also shed some light on a sector that has been a drag on US GDP. The USD may lose its recent appeal should we have better than expected hosing data which would contribute to an improved risk sentiment. ... read more