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Trade deficit rises, demand for exports slips

posted by camac 716 days ago in USD, Trade made popular 716 days ago

The U.S. trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers.

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Gold, Dollar Will Falter

posted by fahrell 716 days ago in USD, Gold made popular 716 days ago

The U.S. dollar and gold will both falter as risk aversion trades start to come off, believes Jonathan Barratt, MD of Commodity Broking Services. He shares his outlook, with Greg Canavan, editor of Sound Money, Sound Investments and CNBC's Oriel

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Australia jobless rate falls to 5.2 percent in May

posted by erzon 716 days ago in AUD, Employment made popular 716 days ago

Australia's jobless rate fell to 5.2 percent in May as full time employment increased for the ninth straight month, evidence of a rapid rebound from the global downturn that could pressure the central bank to keep raising interest rates.

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UK holds rates before budget cuts

posted by sassygirl 716 days ago in GBP, Inflation made popular 716 days ago

The Bank of England yesterday kept its bond stimulus programme in place and left its benchmark interest rate at a record low to aid the economy as UK Prime Minister David Cameron prepares the biggest budget cuts since at least the early 1980s.

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Crude Oil Snaps 3 Days of Gains on Concern China Growth

posted by sassy 716 days ago in Oil, Consumer made popular 716 days ago

Crude oil fell, snapping three days of gains, on concern the economic recovery in China may slow and curb demand from the world’s second-largest energy consumer.

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Bank of England holds interest rates at record low

posted by princess 716 days ago in GBP, Inflation made popular 716 days ago

The Bank of England made no comment on its decision to hold interest rates at a record low of 0.5 per cent but it is fair to assume that it sees the outlook for the economy as finely balanced.

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Gold rebounds after 1 percent drop

posted by posh 716 days ago in Gold made popular 716 days ago

Gold rebounded on short covering on Friday after falling around 1 percent in the previous session, while a rise in ETF holdings to another record showed bullion still attracted buying from investors.

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Unemployment fall puts pressure on rates

posted by Nica 716 days ago in AUD, Employment made popular 716 days ago

A sharper than expected fall in unemployment could pressure the RBA to increase rates at its next meeting.

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Aussie, Kiwi Dollars Poised for Weekly Gain on Job Gains

posted by mintchocolate 716 days ago in AUD, NZD, Employment made popular 716 days ago

The Australian and New Zealand dollars headed for their best weekly gains in at least five months as mounting signs of recovery in Asia encouraged investors to seek higher-yielding assets.

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USD Edge Down After A Brief Turn Higher Vs Euro

posted by chezka 719 days ago in USD

The dollar turned back down on Monday as investors' attitude toward riskier assets -- including stocks, commodities, and higher-yielding currencies -- remains the dominant theme in currency markets in the near term, maintaining a bias toward a we

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Commodity Prices — June 7th 2010

posted by commodityblog 719 days ago in Gold, Oil, Metals made popular 719 days ago

Commodity prices for June 7th 2010.

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Employment Data Helps Loonie Appreciate

posted by commodityblog 719 days ago in USD, CAD, Fundamental made popular 719 days ago

The Canadian dollar gained today after the report last week showed the better than expected growth of the nation’s employment, increasing the appeal of the currency as the safe haven.

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