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Oil price falls; gas to rise

posted by camac 778 days ago in USD, Oil made popular 778 days ago

Oil prices fell Friday for a third day, dropping below $85 a barrel as traders questioned whether Americans were burning enough fuel to justify higher prices.

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Gold surges to $1,156.53/ounce

posted by camac 778 days ago in USD, GBP, Gold made popular 778 days ago

The price of gold climbed in the London Bullion Market on Friday. Gold rate surged to $1,156.53 an ounce from $1,148 an ounce on Thursday.

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Long U.S. dollar bets reduced in latest week

posted by camac 778 days ago in USD made popular 778 days ago

Currency speculators decreased
their bets on the U.S. dollar in the latest week, according to Commodity Futures Trading Commission data released on Friday.

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Gold trims gains as euro rallies

posted by camac 779 days ago in EUR, Gold made popular 779 days ago

Gold futures on the COMEX Division of the New York Mercantile Exchange slipped on Thursday after soaring to its highest level in nearly three month the previous day, as a rallied euro capped its gains, Sliver and platinum both dropped.

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CAD closes 0.23 of a cent higher to 99.72 cents US

posted by camac 779 days ago in CAD

The Canadian dollar closed 0.23 of a cent higher to 99.72 cents US on Thursday. The U.S. dollar stood at C$1.0028, down 0.23 of a cent. Pound sterling settled C$1.5315, down 0.13 of a cent and US$1.5272, up 0.22 of a cent. The euro was worth C$1.

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Bank of England says it holds interest rate at 0.5%

posted by camac 779 days ago in GBP, Inflation

The British central bank also said in a statement that it had decided against pumping more new money into the economy, maintaining its policy stance in a widely expected decision after a two-day gathering.

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GBP Drops Against Dollar as Conservative Poll Lead Narrows

posted by camac 780 days ago in GBP made popular 779 days ago

The pound fell as polls showed the opposition Conservatives’ lead over Prime Minister Gordon Brown’s Labour Party narrowed, increasing the chance that no party will win a majority in next month’s election.

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Aussies need more than rate rise to check success

posted by camac 780 days ago in AUD made popular 780 days ago

Australia may need more than interest rate increases to handle the consequences of its success. High commodity prices, massive foreign investment, soaring real estate prices and low savings add up to a bubble whose bursting could be painful.

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Euro slips on Greek debt news, Aussie up on RBA

posted by camac 782 days ago in EUR, AUD made popular 782 days ago

The euro fell broadly on Tuesday after reports Greece will launch a bond in the United States and wants to amend a recent EU aid deal highlighted Athens' ongoing deficit problems, prompting traders to dump the single European currency.

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US currency push on China no slam dunk

posted by camac 783 days ago in USD, Trade made popular 783 days ago

China’s currency is clearly undervalued, but pressure on Beijing to make its currency rise in value won’t trim the US trade deficit with China or reduce the jobless rate, say American economists. Political pressure is building on the Obama admini

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More Jobs Lead to Stronger Dollar

posted by camac 784 days ago in USD, Employment, Manufacturing made popular 784 days ago

The U.S. dollar gained versus most of its major counterparts and rose to the highest level since August 2009 against the Japanese yen as the improving situation in the labor market boosts the confidence in the economic recovery of the U.S. and he

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US Home Prices Rise

posted by camac 784 days ago in USD, Housing, Consumer made popular 784 days ago

In data releases today, US consumer confidence fell more than expected in July. Looking at price movement today it seemed that either investors brushed off the data or used it as confirmation to avoid the risk play.

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