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UK Unemployment Claims Climbed at Fastest Pace Since May '09

posted by fxhottie 319 days ago in GBP, Fundamental, Monthly made popular 319 days ago

U.K. jobless claims rose at their fastest pace since May 2009 last month, a sign the recovery is struggling to generate enough jobs to offset the deepest government budget cuts since World War II.

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Federal Reserve Needs QE3 to Boost Economic Growth

posted by fxhottie 319 days ago in USD, Fundamental, GDP made popular 319 days ago

The Federal Reserve should engage in another round of quantitative easing as growth in the U.S. economy remains slow and inflation concern remains low, according to Bradford DeLong of the University of California at Berkeley.

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Euro Exit Plan is ‘Probably Inevitable’: Soros

posted by fxhottie 335 days ago in EUR, Fundamental, Special made popular 335 days ago

Billionaire investor George Soros said it’s “probably inevitable” that a mechanism will be put in place to allow weaker economies to exit the euro.

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NZ Trade Balance Unexpectedly Falls, Fuels NZD Selling

posted by fxhottie 335 days ago in NZD, Fundamental, Trade made popular 335 days ago

The New Zealand dollar continued its selloff from early morning after May trade data showed a significant dropoff from April’s record highs. The Kiwi dollar fell almost 1% since early trading as investors continue to wait for the outcome of the G

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Euro Weakens Against Dollar Before Greece Vote

posted by fxhottie 335 days ago in USD, EUR, Fundamental

The dollar rose for a fourth day against the euro as lingering concern about Europe’s debt crisis before Greece votes on budget cuts this week boosted demand for the world’s reserve currency.

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Fed to Maintain Stimulus as Bond Buying Ends

posted by fxhottie 339 days ago in USD, Fundamental, GDP made popular 339 days ago

Federal Reserve officials decided to keep the central bank’s balance sheet at a record to spur the slowing economy after completing $600 billion of bond purchases this month.

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Fed Slashes Growth Forecast, Sees Unemployment Still High

posted by fxhottie 339 days ago in USD, Fundamental, Employment

Federal Reserve officials are more pessimistic about prospects for economic growth and employment than they were two months ago.

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Pound Extends Decline as BOE Votes 7-2 on Rates

posted by fxhottie 339 days ago in GBP, Fundamental, Daily made popular 339 days ago

The pound extended its decline against the dollar and the euro after minutes of the Bank of England’s last meeting showed policy makers voted 7-2 to keep interest rates on hold.

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Aussie Weakens as Greek Vote Turns Focus to Budget Cuts

posted by fxhottie 340 days ago in AUD, Fundamental

Australia’s dollar fell against most of its major counterparts on prospects Greece will struggle to pass austerity measures to avoid a default, damping demand for growth-sensitive currencies.

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Euro Falls Against Dollar Before Greece Vote on Budget Cuts

posted by fxhottie 340 days ago in EUR, Fundamental, Daily made popular 340 days ago

The euro retreated from its highest in a week after Greek Prime Minister George Papandreou won a confidence vote amid investor concern that the government will struggle to pass austerity measures to stave off default.

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Euro-Area Accord on New Greek Aid May Be Delayed to July

posted by fxhottie 347 days ago in EUR, Fundamental

Talks on a second Greek bailout may drag into July, casting doubt on a payment due early next month, as euro-area finance chiefs struggle to break a deadlock over how to enroll private investors in the rescue.

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Canadian $ Gains vs. Most Peers as Reports Risk Appetite

posted by fxhottie 347 days ago in CAD, Fundamental

Canada’s currency strengthened against the majority of its most-traded counterparts as stronger-than-forecast data in the U.S. and China added to the appeal of currencies of commodity exporters.

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