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Gas prices continue their decline

posted by LosingGain 714 days ago in USD, EUR, Oil made popular 714 days ago

There is also latest news of the slumping euro, which fell to a four-year low against the dollar last week. That also has contributed to plunging prices at the pump, according to AAA.

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Europe's troubles far from over

posted by MonteAmor 714 days ago in EUR, Fundamental made popular 714 days ago

Problems with Greek debt were certainly a catalyst for weakness in bank shares in April, but now it is clear that the problem for Europe is much broader. The financial sector faces its biggest threat since October 2008, but for the European Centr

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Did somebody say ‘decoupling’?

posted by recessionfear 714 days ago in Fundamental made popular 714 days ago

There is a growing worry for investors as they head towards the second half of the year — will governments’ increased appetite for budget cutting knock the nascent global economic recovery off track?

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US Dollar even as euro rally stalls

posted by erzon 715 days ago in USD made popular 715 days ago

The US dollar limited recent losses against the euro on Friday, pausing a three-day rise for the single currency. The euro traded at $US1.2112 by 2300 GMT (0900 AEST) in New York trade, the same level as a day before.

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Oil ends down after U.S., China data disappoint

posted by Sissie 715 days ago in USD, Oil made popular 715 days ago

U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.

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The Weekly Gold Digger

posted by ymir 715 days ago in USD, Gold made popular 715 days ago

The US Dollar settled higher on the day supported by weak retail sales coming out this morning! We reached a new high of $89.22 on the September US Dollar Index on Monday.

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Australian dollar back above US85c

posted by Pete 715 days ago in USD, AUD made popular 715 days ago

US retail sales data for May showed a 1.2 per cent decline. Economists had predicted a 0.2 per cent increase. The drop was the biggest -- and the first -- since September 2009, when sales fell 2.2 per cent.

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Loonie rising to reserve rank?

posted by MonteAmor 715 days ago in CAD made popular 715 days ago

Canada's economy has received its fair share of praise over the last year for successfully navigating through the financial crisis and leading the global economic recovery. But the loonie as a global reserve currency?

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Australian consumers brace for higher rates

posted by erzon 715 days ago in AUD, Housing, Consumer made popular 715 days ago

Most homeowners still believe that higher interest rates have been on the way, despite the Reserve Bank of Australia (RBA) holding fire on an increase this month and saying rates are now "normal", survey revealed on Friday.

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Manufacturing Output Posts Surprise Fall In Apr

posted by hachibi 715 days ago in GBP, Manufacturing made popular 715 days ago

Manufacturing output fell unexpectedly in April following strong growth in the previous two months, according to figures released by National Statistics Friday.

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Concern for Global Recovery Goes Away, Helping Euro

posted by commodityblog 716 days ago in USD, EUR, Fundamental made popular 715 days ago

The euro extended its rally today as the concerns that the troubles in Europe would slow the global economic recovery eased and the risk sentiment among the investors improved.

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Oil hovers near US$75 on trade data from China and U.S.

posted by ezir 716 days ago in USD, Trade, Employment made popular 715 days ago

Oil prices hovered near US$75 a barrel Friday in Asia after a big jump the day before as China's booming trade and lower U.S. jobless claims lifted stock markets and confidence in the global economic recovery.

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