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Dollar tumbles to 13-year low against yen after Fed cut

posted by ColdFire 1257 days ago in USD, JPY, Inflation made popular 1257 days ago

The dollar slid to a 13-year low against the yen in Asian trade Wednesday after the Federal Reserve slashed interest rates to near zero as it struggles to curb an accelerating economic downturn.

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U.S. Dollar Commentary for the week of 12/12/2008

posted by ColdFire 1257 days ago in USD, Weekly made popular 1257 days ago

The US dollar index ended the down 3.9% reaching a low not seen since mid-1995 prompted by US Congress failing to approve a rescue bill for the US automakers.

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GBP/USD - British Pound Dollar Dec. 15, 2008

posted by ColdFire 1258 days ago in USD, GBP, Technical

1,5024. There is an horizontal range between 1,4900 and 1,5100. Support and resistance are given by Bollinger bands.

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BOJ May Trim Rates Further, Former Deputy Governor Muto Says

posted by ColdFire 1259 days ago in JPY, Inflation

The Bank of Japan may cut the benchmark interest rate further to show its commitment to countering a deepening recession and market turmoil, said Toshiro Muto, a former central bank deputy governor.

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NZ dollar mixed as international events prevail

posted by ColdFire 1261 days ago in NZD

The New Zealand dollar had a decidedly mixed day, especially around the local close when markets around the world were side-swiped by news US Senate negotiators failed to reach a compromise deal to bail out US carmakers.

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NZ dollar pulls back from US55c

posted by ColdFire 1262 days ago in USD, NZD

The New Zealand Dollar briefly touched US55c for the first time in nearly two weeks but had a sharp drop shortly before the local market opened.

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Dollar, yen slip on hopes for US auto bailout

posted by ColdFire 1263 days ago in USD, JPY, Manufacturing

The dollar and the yen fell on Wednesday as some investors were relieved by a tentative agreement by U.S. lawmakers to rescue stricken automakers.

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Yen Advances Fourth Month Against Euro as CarryTrades Unwind

posted by ColdFire 1274 days ago in EUR, JPY made popular 1274 days ago

The yen gained for a fourth straight month against the euro, the longest wining streak since 1999, as the deepening global economic slump prompted investors to sell high-yielding assets and pay back loans made in Japan.

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Retail Sales to Suffer in 2009 as US Consumers Curtail Spend

posted by ColdFire 1275 days ago in USD, Retail Sales made popular 1275 days ago

Retail experts are predicting one of the most dismal holiday shopping seasons in decades this year – a crucial stretch that will set the stage for poor retail sales throughout 2009.

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EUR/JPY - Euro Yen November 27, 2008

posted by ColdFire 1276 days ago in EUR, JPY, Technical made popular 1276 days ago

122,94. EUR JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat.

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Fitch says mortgage stress spikes in WA

posted by ColdFire 1278 days ago in AUD, Housing made popular 1278 days ago

Mortgage stress among borrowers in Western Australia spiked during the six months to September 30, but New South Wales remains the worst state for mortgage delinquency rates.

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Daily Global Commentary

posted by ColdFire 1278 days ago in Fundamental, Daily made popular 1278 days ago

Sales of existing homes fell 3.1% to an annual rate of 4.98 million units in October after a downwardly-revised 4.7% increase.

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