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Canada gov't has little exposure to Fannie, Freddie

posted by halfwatertest 1412 days ago in Daily made popular 1412 days ago

Canada's holdings of debt issued by U.S. mortgage finance agencies Fannie Mae (FNM.N: Quote, Profile, Research, Stock Buzz) and Freddie Mac (FRE.N: Quote, Profile, Research, Stock Buzz) are well within the limit of 6 percent of its foreign reserv

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Chart of the Day - 7/14/2008 - USD/CAD

posted by jameschen 1412 days ago in USD, CAD made popular 1412 days ago

Price action on the USD/CAD (the daily chart of which is shown) has been mired in a sideways consolidation for many months now.

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Gross Likes Dollar More Than Euro for 1st Time on EU

posted by halfwatertest 1412 days ago in USD made popular 1412 days ago

For three years euro bulls used the
prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more.

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Dollar little changed ahead of rate decision

posted by nancypants 1412 days ago in CAD, GDP, Inflation made popular 1412 days ago

The Canadian dollar was little changed against the U.S. dollar on Monday as traders await the Bank of Canada's interest rate decision and its updated report on monetary policy this week.

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Japan's Bonds Gain on Concern BOJ to Signal Economy Slows

posted by supertrader 1412 days ago in JPY, Sentiment, Daily made popular 1412 days ago

Japan's government bonds rose, pushing 10-year yields toward a two-month low, on speculation a central bank report tomorrow will signal the economy is slowing.

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Favorable Reaction To Government's Commitment To GSE's

posted by supertrader 1412 days ago in USD, Fundamental, Daily made popular 1412 days ago

Industry leaders, congressional officials and presidential candidates have given mostly positive reviews to steps taken over the weekend by the Bush administration and the Federal Reserve to bolster confidence in sponsored mortgage giants Fannie

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Gross Likes Dollar More Than Euro for 1st Time on EU

posted by supertrader 1412 days ago in USD, EUR made popular 1412 days ago

For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more.

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Goldman Raises Yuan Forecasts as China to Slow Reserve Build

posted by odell 1453 days ago in JPY made popular 1453 days ago

Goldman Sachs Group Inc. raised its yuan forecasts, saying China's policy makers will slow dollar purchases to cut the cost of holding record-high foreign- exchange reserves.

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Bernanke Throws Fed's Weight Behind Paulson's Dollar Policy

posted by odell 1453 days ago in USD made popular 1453 days ago

Federal Reserve Chairman Ben S. Bernanke threw the weight of the central bank behind Treasury Secretary Henry Paulson's efforts to strengthen the dollar after its 10 percent drop over the past year.

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U.K. Consumer Confidence Falls to Lowest Level Since 2004

posted by odell 1453 days ago in GBP, Inflation, Housing made popular 1453 days ago

U.K. consumer confidence fell to the lowest level since at least 2004 in May as increases in living costs added to gloom about the economy, Nationwide Building Society said.

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Bernanke worried about dollar, toughens inflation message

posted by odell 1453 days ago in USD, Fundamental, Inflation made popular 1453 days ago

Federal Reserve chairman Ben Bernanke has signaled that the US central bank is worried about the dollar, saying the sagging currency has led to "unwelcome" inflation pressures.

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European Retail Sales Recovered in May, PMI Shows

posted by odell 1458 days ago in EUR, Retail Sales made popular 1458 days ago

European retail sales rose for the first time in three months in May, led by purchases of clothing and food, the Bloomberg purchasing managers index showed.

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