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British pound declines further against most majors

posted by fxhottie 1402 days ago in GBP, Retail Sales made popular 1401 days ago

The British currency declined further against most of its major counterparts in New York mid-day trading on Thursday. Against the yen and the franc and the euro, the pound dropped from yesterday's multi-month highs today.

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Housing Sales Continue To Slump, Jobless Claims Rise Sharply

posted by JayP 1402 days ago in USD, Housing, Employment made popular 1401 days ago

Thursday was a busy day on the economic front, highlighted by the release of another disappointing report on the US housing situation. The clouds above the labor market darkened as well, with the release of data showing that jobless claims rose m

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Jobless Benefit Claims Rise above 400,000

posted by nancypants 1402 days ago in USD, Fundamental, Employment made popular 1401 days ago

The number of U.S. workers filing new claims for jobless benefits jumped 34,000 last week, government data on Thursday showed, reflecting seasonal vo

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Euro Slips Against Yen as German Business Confidence Slumps

posted by MarcB 1402 days ago in EUR, JPY, Manufacturing made popular 1402 days ago

The euro dropped for a fourth day against the yen as business confidence in Germany, Europe's largest economy, fell the most since the 2001 terrorist attacks.

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Swiss Franc Tumbles Against Majors

posted by fxmasta 1403 days ago in CHF, Fundamental made popular 1402 days ago

The Swiss franc experienced broad weakness on Wednesday in New York, hitting various multi-week lows versus its major counterparts.

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Merk Market Outlook: Dissolve Fannie and Freddie

posted by odell 1407 days ago in USD, Weekly, Housing

The Chinese symbol for crisis also can be expressed as an opportunity. The current collapse of confidence in the domestic system of finance and financial leadership provides such a potential moment. The three part proposal to rescue Fannie Mae an

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Rise in Housing Starts Dismissed, Jobless

posted by pippinallnite 1409 days ago in USD, Employment, Manufacturing made popular 1409 days ago

Thursday's economic news flow was dominated by the release of a report showing that housing starts and building permits unexpectedly soared in June -- data that was quickly dismissed having been goosed by a change in the building code in New York

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UBS To Suspend Offshore Banking Services Following Probe

posted by JayP 1409 days ago in USD, Daily made popular 1409 days ago

In a hearing before a U.S. Senate subcommittee, UBS AG's (UBS: News, Chart, Quote ) CFO Mark Branson announced that his company will cease to offer offshore banking services to U.S. clients through foreign banks. The announcement came on the

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Swiss Franc Drops From 3-Month High Against Euro

posted by JayP 1409 days ago in EUR, CHF, Technical made popular 1409 days ago

The Swiss franc slipped from near the highest level in three months against the euro as rising stock markets boosted demand for higher-yielding assets funded by loans in Switzerland.

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Oil Falls for Third Day on Slowing Global Demand

posted by fxhottie 1410 days ago in Oil, GDP made popular 1409 days ago

Crude oil fell for third day, the longest losing streak for a month, on speculation slower global economic growth is curbing fuel consumption.

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Dollar Falls Against Euro Before Housing, Manufacturing

posted by JayP 1410 days ago in USD, Housing, Manufacturing made popular 1410 days ago

The dollar fell against the euro before reports that may show U.S. housing starts declined to a 17-year low and manufacturing contracted for an eighth month.

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Bernanke: Economy in "rough time"

posted by odell 1410 days ago in USD, Fundamental made popular 1410 days ago

Federal Reserve Chairman Ben Bernanke told a House of Representatives panel on Wednesday the U.S. economy is going through a "rough time" and urged lawmakers to approve Treasury Department proposals to back up mortgage markets.

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