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Yen advances, interest rate differentials eyed

posted by butterscotch 1181 days ago in JPY, Inflation

The yen edged up broadly on Tuesday as the gap in interest rates between Japan and other countries is expected to narrow this week.

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European Confidence Drops to Record Low as Recession Deepens

posted by butterscotch 1185 days ago in EUR, Fundamental, Employment made popular 1185 days ago

European confidence in the economic outlook dropped to the lowest on record in February, making action from the European Central Bank more urgent as the recession deepens.

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Sears Canada to cut 300 jobs

posted by butterscotch 1190 days ago in CAD, Employment, Consumer

Sears Canada said on Friday that it cut about 300 workers across the country as the large retailer struggles with falling consumer confidence and braces for weaker sales.

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The lies about the recession we need to have

posted by butterscotch 1190 days ago in NZD, Fundamental made popular 1190 days ago

It was almost a recession special with story after story looking at the recession and how John Key is reacting or should be reacting.

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New Zealand's economic gloom darkens

posted by butterscotch 1192 days ago in NZD, Fundamental made popular 1191 days ago

New Zealand's already gloomy economic outlook deteriorated Friday with the release of government accounts showing the operating balance in deficit by 6.2 billion dollars (3.1 billion US).

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EUR Commentary for the week of 02/13/2009

posted by butterscotch 1193 days ago in EUR, Weekly

The euro ended the week down 0.5% versus the USD and down 0.4% versus the JPY as market participants soft safety of the dollar and yen given elevated risk aversion. Complicating the sentiment for the euro were steep declines in GDP across the Eur

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Obama signs on the line to drag US out of deep recession

posted by butterscotch 1194 days ago in USD, Fundamental

PRESIDENT Barack Obama last night signed into law a near-$800 billion stimulus package aimed at pulling the US economy out of the depths of recession.

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UK inflation rate falls to 49-year low

posted by butterscotch 1194 days ago in GBP, Inflation

Figures out today from the Office for National Statistics (ONS) have revealed that consumer price inflation (CPI) fell in January to an annual rate of 3% from 3.1% the previous month.

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New Zealand Dollar Plunges To New Multi-year Lows

posted by butterscotch 1210 days ago in NZD, Fundamental, Inflation made popular 1209 days ago

Monday in Asia, the New Zealand dollar slumped to new multi-year lows against its US and Japanese counterparts after the government said the New Zealand economy will remain in recession until at least March 2009.

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450 RSVP jobs to be axed

posted by butterscotch 1214 days ago in Employment

Over 450 jobs in Clydesdale are about to be axed, the latest
victims of the recession.

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Gold eases 1 pct as equities, euro rise

posted by butterscotch 1214 days ago in EUR, Gold, Inflation

old slipped more than 1 percent in Europe on Wednesday, extending the last session's decline, as a firmer tone to equities and the euro showed the risk aversion that pushed bullion to a three-month high was ebbing.

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USD Commentary for the week of 01/23/2009

posted by butterscotch 1215 days ago in USD, Weekly

Riding higher on elevated risk aversion related to fresh concerns over the health of the banking system and global economy, the US dollar index ended the week up 2.3%.

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