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Euro to hit dollar parity in 2011, if still exists

posted by vhinz316 715 days ago in USD, EUR made popular 715 days ago

The euro is set to sink to parity with the dollar in 2011 because of the slow pace of economic recovery in Europe, if it has not broken up by then, a consultancy predicted Friday.

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USD rebounds in Asia ahead of data

posted by jerome 716 days ago in USD made popular 716 days ago

The dollar rebounded in Asian trade Friday ahead of a fresh batch of US data later in the day and following robust Chinese data that lifted investor confidence in the global economic recovery.

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Gold rebounds after 1 pct drop, equity gains may weigh

posted by Binsonu 716 days ago in USD, Gold made popular 716 days ago

Gold rebounded on short covering on Friday after falling around 1 percent in the previous session, while a rise in ETF holdings to another record showed bullion still attracted buying from investors.

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Gold rebounds after 1% drop

posted by sora 716 days ago in USD, Gold made popular 716 days ago

Gold rebounded on short covering on Friday after falling around 1 percent in the previous session, while a rise in ETF holdings to another record showed bullion still attracted buying from investors.

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EUR/USD Holds Up In Asia

posted by megumi 716 days ago in USD, EUR made popular 716 days ago

I left for 7 hours kip with EUR/USD at 1.2115 and that’s where I find it now, with Asian trade confined to a fairly narrow 1.2094-1.2148 range. Well it’s Friday, which has tended to be risk-off Friday of late if my memory serves me correctly. Wi

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Trade deficit rises, demand for exports slips

posted by camac 716 days ago in USD, Trade made popular 716 days ago

The U.S. trade deficit rose to the highest level in 16 months as exports fell for the second time in three months, a potentially worrisome sign that Europe's debt troubles are beginning to crimp American manufacturers.

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Australia jobless rate falls to 5.2 percent in May

posted by erzon 716 days ago in AUD, Employment made popular 716 days ago

Australia's jobless rate fell to 5.2 percent in May as full time employment increased for the ninth straight month, evidence of a rapid rebound from the global downturn that could pressure the central bank to keep raising interest rates.

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Oil prices settle above $75 a barrel

posted by mateo 716 days ago in USD, Oil made popular 716 days ago

Oil prices topped $75 a barrel yesterday following reports that China’s economy is still booming and US jobless claims fell. Motorists found pump prices lower again, as retail gasoline prices continued to slide across much of the country.

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US And China Again On Collision Course Over Yuan

posted by vhinz316 716 days ago in USD, JPY made popular 716 days ago

Pretty quiet session in which we saw an early move higher in EUR/JPY and stops getting tripped in USD/JPY before consolidation set in. Sentiment is generally more positive although the prospect of the US branding China a currency manipulator has

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House prices drop 0.5% in May

posted by jerome 719 days ago in GBP, Housing

Property prices fell by 0.5 per cent in May compared to April, according to the latest figures from Halifax. According to the mortgage lender, the average cost of a home in the UK stood at £167,570 last month.

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Bank Shares Under Pressure as Warned

posted by ForexPlaybook 719 days ago in USD, Fundamental made popular 719 days ago

Bank shares are under heavy selling pressure in trading today, as concerns regarding the health of the global economy, and that of the banks themselves, continue to mount.

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Euro slides, hits multiyear low below $1.19

posted by japock 719 days ago in EUR

The euro fell below $1.19 on Monday for the first time in more than four years, but recovered some losses as strong German manufacturing data prompted investors to book profits after the currency's recent slide.

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