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Italian Production Falls as Recession Hits Employment

posted by techiegirl 1228 days ago in EUR, Fundamental

Industrial production in Italy fell more than expected in November as the global economic slowdown aggravated the nation’s worst recession since 1992 and prompted companies to cut output and jobs.

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Germany putting final touches on major new stimulus bill

posted by techiegirl 1231 days ago in EUR, Fundamental made popular 1230 days ago

German Chancellor Angela Merkel's government is to hammer out a major new stimulus package this week for Europe's biggest economy but her fractious coalition is still divided on the details.

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Deflation Not Expected for 2009 in Europe, Says ECB's Triche

posted by techiegirl 1233 days ago in EUR, Fundamental made popular 1233 days ago

A sustained fall in prices is not being seen as a threat to the euro zone this year, European Central Bank President Jean-Claude Trichet said.

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Australia, New Zealand Dollars Drop on Commodities, U.S. Job

posted by techiegirl 1235 days ago in USD, AUD, NZD made popular 1234 days ago

The Australian and New Zealand currencies fell, snapping three days of gains versus the U.S. dollar, as prices of commodities that make up more than half the nations’ exports declined the most in three months.

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Canadian Farm Product Price Index Inches Up in Oct

posted by techiegirl 1235 days ago in CAD, Fundamental, Agriculture

Canadian farmers received more for their crops but less for their livestock in October compared with the previous month, Statistics Canada reported Wednesday.

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ADP National Employment Report Shows U.S. Employment

posted by techiegirl 1235 days ago in USD, Fundamental, Employment

According to today's ADP National Employment Report, private sector employment decreased by 693,000 in December.

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Yen Continues to Slip Against Majors Delivering Relief

posted by techiegirl 1235 days ago in JPY, Fundamental

The yen is down against major currencies in midday Asian trading as global stock markets rally.

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Euro Falls to Three-Week Low on Speculation ECB Will Cut Rat

posted by techiegirl 1236 days ago in USD, EUR, Inflation made popular 1236 days ago

The euro fell to a three-week low against the dollar and dropped versus the yen on speculation slowing inflation will give the European Central Bank scope to lower interest rates further.

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Italy’s Inflation Slows as Recession Deepens

posted by techiegirl 1237 days ago in EUR, Fundamental, Inflation

Italy’s inflation rate fell to the lowest in 14 months as energy costs plummeted and the recession made it harder for retailers to raise prices.

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Swiss KOF Economic Barometer Falls To minus 0.39 In Dec

posted by techiegirl 1244 days ago in CHF, Fundamental

Signaling that the Swiss economy is likely to contract in the next few months, the KOF Economic Barometer fell 0.35 points month-on-month to minus 0.39 in Dec

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New Zealand Current Account Deficit Widens on Imports

posted by techiegirl 1251 days ago in NZD, Fundamental

New Zealand’s current account deficit widened to a record in the year through September as higher fuel prices and the weakening currency increased the cost of imports.

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Japan proposes record budget to bolster economy

posted by techiegirl 1253 days ago in JPY, Fundamental made popular 1253 days ago

Japan unveiled a budget proposal Saturday that, if approved, will push spending to record levels as the government scrambles to battle an ever-deepening recession.

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