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US dollar soars vs. yen on recovery hopes

posted by czarinacleopatra 1121 days ago in USD, JPY made popular 1121 days ago

The U.S. dollar surged against the Japanese yen and other major currencies on Thursday after data showed a decline in jobless claims, signaling that the worst of the American recession may be over.

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Market Commentary - 1st May 2009

posted by Regon 1121 days ago in Fundamental, Daily made popular 1121 days ago

The euro is higher against the dollar and the yen as confidence continues to build in financial markets as investors grow more assured that the pace of decline in global economic activity is easing.

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Gold falls on hopes for economic recovery; copper gains

posted by pipOhoLic 1121 days ago in Gold made popular 1121 days ago

Gold futures fell Friday for a second session, extending their weekly loss to nearly 3% as economic recovery hopes reduced gold's appeal as a safe asset. Copper ended the week up 2.6%.

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NZ dollar ends big week drifting lower

posted by friendlydude 1121 days ago in NZD made popular 1121 days ago

The New Zealand dollar was little changed today in the wake of the Reserve Bank's signal that low interest rates are here for some time.

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Oil rises on economic hopes; ending week up $3.2%

posted by crunchy 1121 days ago in Oil made popular 1121 days ago

Crude-oil futures rose Friday for a third session, marking their second weekly gain as hopes that the worst of the global recession might be over outweighed an excessive buildup in crude inventories.

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Chrysler leads broad declines in April U.S. sales

posted by Cittiperth 1121 days ago in USD, Retail Sales, Manufacturing made popular 1121 days ago

The major automobile makers on Friday posted further sales declines in April, punctuating a brutal week for an industry that saw one of its icons plunge into bankruptcy and signs that a similar fate awaits its biggest U.S. player.

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US dollar gains ground on yen

posted by defferson 1121 days ago in USD, JPY made popular 1121 days ago

The dollar fell against most major counterparts Friday, but gained ground versus the yen, as it was helped by better-than-expected U.S. manufacturing data and weak Japanese economic data.

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Currency, housing slump batter Fortune Brands

posted by LadyGodiva 1121 days ago in USD, Fundamental, Housing made popular 1121 days ago

A stronger dollar and the ongoing housing slump battered Fortune Brands' bottom line as the liquor, hardware and sporting-goods conglomerate posted a more-than-90% drop in first-quarter profit Friday.

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Kiwi could fall to 55.5 USc after woeful QSBO result, weak s

posted by ChocoFudgeCake 1145 days ago in USD, NZD, Special made popular 1145 days ago

While many are musing about rebounds, yesterday’s seriously bad Quarterly Survey of Business Opinion (QSBO) likely woke everyone from their daydreams.

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Oil prices sink amid demand concerns

posted by Centralian 1145 days ago in Oil made popular 1145 days ago

Oil prices sank again on Tuesday, falling below $US50 a barrel in New York as the market worried about demand on signs of a deepening global economic downturn.

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Gold rebounds on demand for haven

posted by cathlyn 1145 days ago in Gold made popular 1145 days ago

Gold rose for the first time in four sessions on speculation that the credit crisis will deepen, boosting the precious metal’s appeal as a haven.

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Ireland hikes taxes, cuts spending

posted by Buck 1145 days ago in GBP, Fundamental made popular 1144 days ago

Ireland's government presented an emergency budget Tuesday that sharply raises income taxes and slashes spending in an effort to restore international confidence in the debt-struck country's finances.

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