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Euro Declines as European Leaders Withhold Aid Before Greek Vote

posted by Avatar butterscotch 205 days ago in USD, EUR

Bernanke spoke at a press conference yesterday after members of the Federal Open Market Committee kept policy unchanged, saying they would lengthen the maturity of the central bank's bond portfolio and hold the benchmark interest rate near zero through ... read more
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Australian Dollar Plunges On Soft CPI Data

posted by Avatar butterscotch 214 days ago in AUD

By DailyFX 10/25/11 - 09:06 PM EDT By Lujia Lin, The Australian Dollar fell sharply after the release of CPI data showing reduced inflationary pressures. As of 00:55 GMT, the Aussie was down nearly 70 pips versus the USD. The Australian Bureau of ... read more
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Asia Midday Highlights

posted by Avatar butterscotch 223 days ago in JPY made popular 223 days ago

JPY Crosses: Quiet trades noted in JPY/crosses in pre-lunch Asian trades, with USD/JPY hovering around 77.20 mark underpinned by fears of BoJ/MoF presence at base. EUR/JPY remained in sideways gait around 106.85 mark, with EUR/leg softness seen ... read more
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This market is going to fly

posted by Avatar butterscotch 227 days ago in AUD made popular 227 days ago

One day, probably in the not too distant future, we think the AUD will de-couple from the movements in the sharemarket. A good old interest rate cut or two will start the process, a recovering US economy finishing it off. We could easily imagine the ... read more
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Euro Bears Camping out in Bratislava

posted by Avatar butterscotch 227 days ago in EUR, GBP made popular 227 days ago

While the September UK August jobless claimant count came in at 17.5k, better than the consensus for a 24.4k rise, the claimant count rate unexpectedly rose to 5.0% from 4.9% and the internationally comparable August ILO jobless rate rose to 8.1%, ... read more
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Hope is still a remarkably forceful driver

posted by Avatar butterscotch 228 days ago in Economic Indicators made popular 228 days ago

For now, the impact on sterling trading is limited. Later today, the Industrial/ manufacturing production data for the month of August will be published and markets will also keep and eye at the NIESR GDP estimate. The data are interesting, ... read more
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Late European Highlights Monday 10 Oct

posted by Avatar butterscotch 229 days ago in EUR made popular 229 days ago

EUR/USD finally absorbed supranational offers at 1.3500 and traded steadily higher ti break 1.36 as equities moved ahead, aided too by the better than expected Eurozone data. The better overall performance of the EUR saw GBP lag and EUR/GBP regain the ... read more
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Dollar mixed in US afternoon trade

posted by Avatar butterscotch 232 days ago in USD, NZD

The greenback was lower against its Canadian, Australian and New Zealand counterparts with USD/CAD down 0.11% to hit 1.0360, AUD/USD higher by 0.60% to hit 0.9805, and NZD/USD edging up 0.06% to hit 0.7721. The dollar index, which tracks the ... read more
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USD To Consolidate Ahead Of NFPs, Euro Outlook Remains Bearish

posted by Avatar butterscotch 233 days ago in EUR made popular 233 days ago

However, the index may revert all the way back towards the 50.0% Fib around 9828 should the rise in risk gather pace, but NFP's may spur a shift in market sentiment as the data instills a weakened outlook for the world's largest economy. ... read more
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Dollar broadly higher amid euro debt concerns

posted by Avatar butterscotch 236 days ago in CHF

Earlier Monday, official data showed that Swiss retail sales fell unexpectedly in August. A separate report showed that manufacturing activity in Switzerland fell more-than-expected in September, falling below the 50 level that separates growth from ... read more
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AUD/USD Up In U.S. Trade

posted by Avatar butterscotch 242 days ago in Economic Indicators

By ForexMansion.com Forexpros The Australian Dollar was higher against the US Dollar on Tuesday after the release of US data on CB Consumer Confidence. AUD/USD was trading at 0.9978, up 1.47% at time of writing. The pair was likely to find support at ... read more
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EUR/USD, EUR/JP Flows: ECB Smaghi: Purchases of bonds help mkts find ...

posted by Avatar butterscotch 242 days ago in EUR

Thus far, ECB has been credible in keeping inflation risks in check. EUR fell below the 1.3500 handle before rebounding somewhat. Eye German unemployment rate out at 0755 GMT, with a 7% rate expected. Health of European indices are likely to dictate ... read more