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Sorting Out the Euro Mess
Besides the fact that Italy would have better adjusted to the pressures of a rising China and higher commodities prices were it not for its artificially high foreign exchange rate under the Euro, this theory fails to explain Italy's disappearing ...
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EUR/USD extends decline below 1.3200
EUR/USD weakened further and reached its lowest level since Oct 4 at 1.3181 before pausing the decline. At time of writing, EUR/USD is trading at the 1.3285 area, where it is almost 200 pips or 1.4% below its opening price. ...
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NZ Dollar Outlook: Kiwi set to ease after EU leaders reach agreement
The risk sensitive AUD and NZD continued to take their cues from developments offshore. The summit prompted rating agency Standard &Poor's to put 15 euro-zone members on notice of a threatened downgrade. The EU's AAA long term rating and the ranking ...
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Trading Week Outlook: December 5 - 9, 2011
GBP- Bank of England Interest Rate Announcement, Thurs., Dec. 8, 7:00 am, ET. With the largest UK trading partner, the Euro-zone, slowing and the EU debt crisis far from over, the odds are rising that the Bank of England's policy makers could be ...
24 votes
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US soy rebounds from 13-month low on Italy aid hopes
2 corn consumer, to step up imports as prices of agricultural products slide to multi-month lows. "The market is taking direction from the developments in the euro zone, there is talk of IMF fund to help Italy," said Ker Chung Yang, an analyst at ...
4 votes
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USD/CHF weekly outlook: November 28 - December 2
Forexpros - The US dollar ended the week sharply higher against the Swiss franc on Friday, rising to an almost eight-month high as concerns over debt contagion to core economies in the euro zone supported safe haven demand. USD/CHF hit 0.9329 on Friday ...
31 votes
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Loonie (CAD) Poised For Strength?
This morning's better than expected retails sales figures show that there is still some strength in the economy as the sales grew twice as much as had been forecast. Also, the Canadian dollar's tight correaltion with oil should boost it as oil prices ...
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AUD/USD bias remains bearish, may test 0.9900 - V.Bednarik
Strong slide in gold also helped Aussie lower, that technically shows an increasing bearish momentum in the 4 hours chart: a continuation rally below mentioned low should point for a test of the 0.9900 area over the upcoming sessions." AUD/USD opened ...
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Philly Fed falls to 3.6 in Nov
Kate: Refresh my mind if you would.your reasons for loving Philly Fed were very sound, but I want to make sure... Jamie Coleman: Inflation weakens currencies, deflation strengthens them. Both are crippling. Just ask Japan.
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Europe's Woes Pose New Peril to Recovery in the US
Any weight on confidence could hurt hiring and lift the unemployment rate. Europe's troubles, including the possibility that the euro zone could break up, has caused the dollar to rally against the euro, which makes American exports more costly. ...
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GBP/USD: Trading The Bank Of England Interest Rate Decision
However, we may see the BoE may surprised the market once again and take additional steps to shore up the ailing economy in an effort to stem the risk of a double-dip recession. As the central bank sees an increased risk of undershooting the 2% target ...
30 votes
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Crude rises ahead of EIA data, Fed statement
[USD/] The dollar index .DXY, measuring the greenback against a basket of currencies, weakened and added to support for dollar-denominated oil. Oil prices and markets felt pressure on Tuesday from the fallout from Greek Prime Minister George ...


