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Dollar Gains Appeal after ECB Loans Fail to Ease Debt-Crisis Fears

posted by Avatar busybee 157 days ago in EUR made popular 157 days ago

The Euro erased earlier gains against the US dollar today, where the EUR/USD pair dropped nearly 0.17 percent to currently trade around $1.3067, while recording its highest level at $1.3197 and lowest at $1.3024 from the opening level of $1.3086, ... read more
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Dollar holds gains vs. rivals in risk-off trade

posted by Avatar busybee 159 days ago in all

During US morning trade, the dollar was slightly higher against the euro, with EUR/USD sliding 0.21% to hit 1.3014. EU finance ministers held talks to discuss plans to provide up to EUR200 billion in loans to the International Monetary Fund, ... read more
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South Korean central bank sees increased downside risk to 2012 GDP forecast

posted by Avatar busybee 170 days ago in EUR, Economic Indicators made popular 170 days ago

... are both being heavily impacted by Europe's slide into recession. The content of this field will not be shown publicly. Sean Lee: Tend to agree Eric, overall rise in risk aversion should keep the AUD heavy. That said, I would have no. ... read more
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Sarkozy warns of dire consequences of euro crisis

posted by Avatar busybee 176 days ago in CHF

Sarkozy expressed confidence that the European Central Bank, while independent, would act in the face of possible deflation, one of the looming consequences of the crisis. To promote faster change and more fiscal responsibility, France favored more ... read more
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USD/JPY, limited action expected ahead of U.S. jobs data

posted by Avatar busybee 177 days ago in USD, JPY

With a quiet calendar in Asia this Friday and with the USD/JPY typically unphased by economic news, the pair could be stuck in some technical trading until the American session. "Despite the limited intraday range, the USD/JPY price action develops ... read more
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US dollar falls as central bank action feeds risk bid

posted by Avatar busybee 178 days ago in USD made popular 178 days ago

Effectively, the new interest rate for the swap line will be the dollar overnight indexed swap rate, currently around 8 basis points, plus 50 basis points, which, as Citi's Anderson pointed out, is still higher than the dollar three-month Libor fixed ... read more
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Gold Rebounds Near $1700

posted by Avatar busybee 186 days ago in USD, GBP, Commodities made popular 186 days ago

In economic news from the euro zone, UK's public sector net borrowing totaled GBP 6.5 billion in October, which was GBP 1.2 billion lower net borrowing than in the same period of last year, data from the Office for National Statistics showed. ... read more
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GBP/USD update (17th Nov 2011, 15:30)

posted by Avatar busybee 191 days ago in USD made popular 191 days ago

Meanwhile, Nationwide's consumer confidence index dropped to 36 from 45 in September, as fears over the eurozone crisis, rising unemployment and the state of the economy knocked confidence. Nonetheless, GBP/USD struggled to hold its early morning high ... read more
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Dollar broadly higher as euro zone concerns persist

posted by Avatar busybee 192 days ago in GBP made popular 192 days ago

In the UK, official data showed that the unemployment rate jumped to a 15-year high of 8.3%, while the number of people without a job on the wider ILO measure rose to a record high. The report said the number of people claiming jobless benefit rose by ... read more
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Euro sells off as Italian 10-year bond yields pass 7 pct

posted by Avatar busybee 199 days ago in EUR

Italian bond yields subsequently rose beyond 7 percent, breaking the closely-watched level which economists have long flagged as unsustainable for the euro zone's largest government bond market. "Euro/dollar looks incredibly vulnerable at the moment. ... read more
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European Stocks Seen Lower After Rally

posted by Avatar busybee 208 days ago in EUR made popular 208 days ago

In corporate news, Italy's Sorin Group reported net profit of EUR 12.1 million for the third quarter, up from EUR 8.2 million in the corresponding period of 2010. Shire Plc , Britain's biopharmaceutical company, reported better- than- expected ... read more
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DJ Mexico's Peso Gains Ground Vs Dollar On Renewed Europe Hopes

posted by Avatar busybee 215 days ago in EUR

Nomura doesn't expect the peso to return to pre-euro-zone crisis levels--around MXN12.50 versus the dollar-- anytime soon, mainly due to concerns about the economic growth slowdown in China and a still weak US economy. Nomura said the exchange rate ... read more