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US trade deficit burdens economic recovery

posted by morgan 776 days ago in USD, GDP, Trade made popular 776 days ago

The trade deficit, along with the credit and housing bubbles, were the principal causes of the Great Recession. Now, a rising trade deficit and continued weakness among regional banks threatens to stifle the emerging recovery and keep unemploymen

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EUR Touches an Almost 11-Month Low on Greece Default Concern

posted by morgan 778 days ago in EUR, Trade made popular 778 days ago

The euro dropped to within one cent of an 11-month low against the dollar this week as rising yields on Greece’s debt fueled speculation the nation would default, damping investor appetite for the European currency.

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CAD, Yields Gain on Jobs Report Speculation

posted by morgan 779 days ago in CAD, Employment made popular 779 days ago

The Canadian dollar rose, nearing parity after reaching that level in the two previous days, in part on speculation that a government report tomorrow will show a bigger-than-expected gain in employment.

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Oil falls 2nd day as dollar

posted by morgan 779 days ago in USD, Oil

Oil declined for a second day on Thursday to trade below $86 as a stronger dollar and soaring U.S. crude stockpiles took the steam out of the year’’s sharpest rally so far.

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Gold prices dip as dollar strengthens

posted by morgan 781 days ago in USD, EUR, Gold

Gold prices slipped in Europe today, surrendering some of the gains that took the metal to a four-week high in the previous session, as the dollar strengthened versus the euro.

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Interest Rates and Bonds

posted by morgan 784 days ago in USD, Weekly, Inflation made popular 784 days ago

Long term rates have been slowly creeping up and bonds have been pulling back. We believe that an intermediate trend reversal is close at hand. Bonds are expected to mount a rally that could last a couple of months after which they are expected t

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USD Rallies on Job Gains

posted by morgan 785 days ago in USD, Employment made popular 782 days ago

The American job market gained 162,000 jobs in March. The highest gain in 3 years sends the dollar higher across the board. Not all currencies affected equally. NFP Analysis.

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USD Rises to Seven-Month High Versus Yen on Economic Outlook

posted by morgan 785 days ago in USD, JPY, Monthly made popular 785 days ago

The dollar touched the strongest level against the yen in more than seven months as a government report added evidence to speculation that the labor market is recovering, helping to fuel U.S. economic growth.

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USD rises on U.S. job data, play up to 7 months vs. yen

posted by morgan 785 days ago in USD, JPY, Employment

The dollar rose broadly on Friday, hitting a new seven-month high against the yen after a government report showed the U.S. private sector created jobs at its sharpest rate in at least three years.

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UK manufacturing confidence at 15-year high

posted by morgan 785 days ago in GBP, Manufacturing

Confidence in the UK's manufacturing sector rose to a 15-year high in March, signalling that economic recovery in the sector is gaining strength.

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New home sales drop

posted by morgan 790 days ago in AUD, Housing made popular 790 days ago

New home sales dropped in February, as rising interest rates and the phasing out of housing stimulus discouraged Australians from entering the housing market. Victoria, though, posted a big jump in sales.

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Weekly Review: Rupee regains strength vs dollar

posted by morgan 791 days ago in USD, Weekly made popular 791 days ago

The national currency was able to recover its strength versus the greenback in the interbank market during the week, dealers said on Saturday.

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