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New Zealand Dollar Surges on Prospects for Rate Increase

posted by fxhottie 312 days ago in NZD, Fundamental, Agriculture made popular 312 days ago

New Zealand’s dollar rose against all of its most-traded peers as investors bet the nation’s central bank may raise interest rates as early as next week.

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U.S. Debt Compromise Pressure Intensifies

posted by fxhottie 312 days ago in USD, Fundamental, Sentiment

A bipartisan Senate proposal for a $3.7 trillion debt-cutting plan praised by President Barack Obama faces resistance from House Republicans, as lawmakers intensify efforts for a compromise on government spending less than two weeks before a thre

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Yen Gets Boost as Yields to Treasuries Shrink on Fed Outlook

posted by fxhottie 317 days ago in USD, JPY, Fundamental

The yen is getting a boost as the prospect of further monetary easing by the Federal Reserve pushes the difference in yields between Japanese government bonds and Treasuries to the least in almost 2 1/2 years.

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Franc Reaches Records Versus Dollar, Euro, Pound

posted by fxhottie 317 days ago in USD, EUR, CHF made popular 317 days ago

The Swiss franc touched records against the dollar, euro and pound as investors sought the safest assets as Moody’s Investors Service said it may downgrade the U.S. credit rating.

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Dollar, Treasuries Fall on U.S. Rating Concern

posted by fxhottie 317 days ago in USD, Fundamental, GDP made popular 317 days ago

The dollar weakened and Treasuries slid for a third day after Standard & Poor’s Ratings Services became the second ratings company to say this week it may cut the U.S.’s top credit rating. The cost of insuring Asia-Pacific debt rose, while stocks

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Moody’s Places US on Review for Downgrade As Debt Talk Stall

posted by fxhottie 318 days ago in USD, Fundamental, Weekly

Moody’s Investors Service put the U.S. under review for a credit rating downgrade as talks to raise the government’s $14.3 trillion debt limit stall, adding to concern that political gridlock will lead to a default.

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Japan's Noda says doesn't want yen rise to persist

posted by fxhottie 318 days ago in JPY, Fundamental, Daily made popular 318 days ago

The yen's moves do not reflect economic fundamentals and have been one-sided, Noda told reporters at the ministry.

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Kiwi Strengthens to Record After GDP Grew More Than Forecast

posted by fxhottie 318 days ago in NZD, Fundamental, GDP

New Zealand’s dollar rose to a record 84.51 U.S. cents as of 10:46 a.m. in Wellington, after the government reported first-quarter gross domestic product expanded 0.8 percent from the previous quarter.

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Loonie Advances as Chinese Growth Reduces Risk Aversion

posted by fxhottie 318 days ago in CAD, Fundamental, GDP made popular 318 days ago

Canada’s dollar advanced as stronger-than-forecast Chinese growth renewed demand for higher- yielding assets and oil advanced.

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Dollar, world stocks down on stalled debt talks

posted by fxhottie 318 days ago in USD, EUR, JPY made popular 318 days ago

The dollar fell on Thursday, sending gold to a record high and offering some relief to the beleaguered euro, while Asian stocks softened after Moody's warned the United States may lose its top-notch credit rating in the coming weeks.

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Pound Declines as Jobless Claims Soar

posted by fxhottie 318 days ago in GBP, Fundamental, Employment made popular 318 days ago

The pound fell against the euro as a report showed the number of Britons filing jobless-benefit claims increased at the fastest pace in more than two years, fueling concern that the economic recovery is stalling.

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Gold Climbs as Europe’s Sovereign-Debt Crisis Fuels Demand

posted by fxhottie 319 days ago in EUR, GBP, Gold made popular 318 days ago

Gold climbed to within 0.2 percent of a record in London as concern about Europe’s debt crisis spurred demand for the metal as a protection of wealth. Bullion rose to an all-time high in British pounds.

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