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USD Ends the Week with a Mild Retracement as Risk Stabilizes

posted by megumi 750 days ago in USD made popular 749 days ago

• Euro Fumbles for a Foothold as Germany Approves Bailout, Spain Emerges from Recession
• British Pound Recovers from Dramatic Plunge after Polls Show a Hung Parliament
• Canadian Dollar Struggles to Translate a Record Increase in Jobs into Gai

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Fed Fights to Weaken Dollar

posted by megumi 750 days ago in USD made popular 750 days ago

Faced with the threat of deflation, the Federal Reserve (Fed) may be trying to drive the dollar lower to spur inflation. As policy makers dont want home prices to deteriorate further, an alternative is to inflate the prices of all other goods and

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Gold Forecast to Reach $3,000

posted by megumi 750 days ago in USD, Gold

The sharp sell off on Wall Street and with equities internationally saw gold decouple and surge in all currencies yesterday. Oil, commodities and bonds also fell sharply in incredibly volatile trading.

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House prices fall as supply increases

posted by megumi 751 days ago in GBP, Housing made popular 750 days ago

House price inflation stalled in April as a rush of new properties onto the market eased the shortage seen in previous months, according to the latest Halifax survey.

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Gold slips after hitting fresh 2010 highs

posted by megumi 755 days ago in USD, Gold

Gold was slightly weaker on Monday, after rising to a fresh 2010 high last week as the latest move by China to tighten money supply triggered demand worries and a bailout package for debt-laden Greece eased safe haven concerns.

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NZ dollar rising

posted by megumi 755 days ago in NZD, Inflation, Trade made popular 755 days ago

The New Zealand dollar has risen as global investors await interest rates rises here in coming months and fears lessen about Greece's debt problems.

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Uganda's shilling weakens versus dollar

posted by megumi 757 days ago in USD made popular 757 days ago

Uganda's shilling eased against the dollar on Friday due to increased demand for the greenback from the energy sector and other corporate clients and traders said it would stay under pressure next week.

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Euro steady, Greek aid speculation tempers sales

posted by megumi 758 days ago in EUR made popular 758 days ago

The euro steadied on Thursday, after rebounding from a one-year low the previous day, as reports that a planned aid deal for Greece would be bigger than initially thought tempered selling of the single currency.

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Gold is finding support from Greece’s debt problems

posted by megumi 761 days ago in EUR, Gold

Gold is finding support from Greece’s debt problems. This support remains firmly in place. Although Greece is negotiating with the IMF over the details of an aid package, any deal on not finalized yet.

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USD strengthens against major currencies

posted by megumi 761 days ago in USD made popular 761 days ago

The strengthening of the US dollar against other major currencies continued last week as risk aversion mounted in the foreign exchange markets. Traders were mainly focusing on news from the Euro Zone and the United Kingdom, as the Greek debt cris

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The Yen fell to a two-week low against the USD

posted by megumi 762 days ago in USD, JPY made popular 762 days ago

The US dollar gained against the euro and yen after US data showed that non-defense capital goods orders excluding aircraft rose 4.0 percent in March. The headline durables number, however, fell 1.3 percent, compared with a forecast for a 0.3 per

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USD Rebound Driven by Euro Weakness and Gold Remains Firm

posted by megumi 762 days ago in USD, EUR, Gold made popular 762 days ago

The deepening Greek crisis in turn upped the pressure on other weaker eurozone member states such as Ireland, Spain and Portugal, all facing similar...

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