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Cyprus' Trade Deficit Widens In May

posted by Avatar busybee 320 days ago in USD, EUR, NZD made popular 320 days ago

Cyprus' trade balance showed a deficit of EUR 398.8 million in May, higher than EUR 394 million shortfall recorded in April, the statistical service of the Republic of Cyprus said Monday. The country's export earnings totaled EUR 122.4 ... read more
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Currency latest: Pound vs Australian Dollar and New Zealand dollar

posted by Avatar busybee 323 days ago in GBP, NZD

If the US non-farm employment change figure meets optimistic expectations this afternoon, expect a further decline for this pair today," says Richard Driver at Caxton Fx. British Pound Sterling is posting new lows against commodity-linked currencies on ... read more
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AUD/USD: 1.0250/1.0600 short-term parameters

posted by Avatar busybee 334 days ago in AUD made popular 334 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Euro Slips on Signs of Economic Slowdown

posted by Avatar busybee 337 days ago in USD, EUR, Economic Indicators made popular 337 days ago

Germany's Manufacturing PMI, for instance, fell from 57.70 in May to 54.90 in June. Most analysts had predicted the fall to be much milder at 57.00. Calculated by Markit Economics, the index provides an insight into "what is happening in the private ... read more
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C$ weakens as oil, global sentiment drag

posted by Avatar busybee 337 days ago in all made popular 337 days ago

"You've also got in the background just general angst about the global economy ... the feet-on-the-ground indicators are that we've got a number of issues of caution," he added. At 8:53 am (1253 GMT), the currency CAD=D4 stood at C$0.9804 to the US ... read more
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ForexLive Asian market wrap: China PMI disappoints, USD still rallying

posted by Avatar busybee 339 days ago in USD, NZD made popular 339 days ago

Ranges: 1.6016/70, EUR/GBP .8910/32 AUD fell in line with the cable and EUR/USD and also lost ground against the NZD. The poor China PMI failed to drive the AUD/USD below strong bids at 1.0530. Ranges: 1.0528/71 The opinions and analysis offered on ... read more
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SNB concerned over financial markets

posted by Avatar busybee 343 days ago in CHF made popular 343 days ago

Since, at the same time, the US dollar was still tending lower, the CHF/USD exchange rate also climbed to extreme levels. The weak dollar has to do with doubts about the robustness of the US economy in the wake of diminishing fiscal and monetary policy ... read more
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USD/JPY, bearish bias still in play

posted by Avatar busybee 345 days ago in USD, JPY made popular 345 days ago

USD/JPY opened the Asian trade at 80.65, dipped to session lows below 80.50, and has since bounced from this zone to recover nearly all its losses. The bearish bias is still in play, however. "[The dollar's] retreat from ... read more
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Euro Reaches Weakest This Month on Greek Bailout Uncertainty

posted by Avatar busybee 348 days ago in EUR made popular 348 days ago

The market has an impression that Europe is faltering on the debt issue, said Junichi Ishikawa, a Tokyo-based market analyst at IG Markets Securities Ltd. Policy makers can't easily raise interest rates while dealing with the sovereign crisis. ... read more
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EUR/USD up ahead of ECB press conference

posted by Avatar busybee 353 days ago in EUR, GBP made popular 353 days ago

The bank bumped up its key interest rate to 1.25% from 1% in April amid rising consumer prices. The euro was also higher against the pound, with EUR/GBP easing up 0.11% to hit 0.8899. Also Thursday, the US was to publish official data on its trade ... read more
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Reserve Bank Issues Hawkish Reserve Bank Statement

posted by Avatar busybee 353 days ago in NZD made popular 353 days ago

Unsurprisingly, the Statement gave most attention to the risks around inflation expectations, reiterating that the RBNZ has been monitoring inflation expectations 'even more closely' since last year's GST increase. The NZD rose 80 pips and the 2-year ... read more
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Fundamental Preview: Can Recent Stronger Data Influence RBNZ Statement?

posted by Avatar busybee 353 days ago in NZD made popular 353 days ago

Headline inflation is currently being boosted by recent increases in indirect taxes. Annual inflation is expected to settle comfortably within the target band once these tax increases drop out of the annual rate.Given the outlook for core inflation and ... read more