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USD up as Europe pledged support for Greece

posted by morgan 835 days ago in USD, EUR

The dollar rose versus the euro on Thursday after European leaders indicated they will support Greece, but not necessarily deliver direct aid.

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Gold, silver and platinum gain to bolster mining stocks

posted by morgan 837 days ago in USD, Gold, Trade

Gold spot prices steadied around US$1,075/oz today as the US Dollar gave way against the euro on talks of a possible bail out for Greece to resolve its mounting debt problem.

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Gold Prices Headed to $820 an Ounce?

posted by morgan 838 days ago in USD, Gold

Gold prices could sink to $820 an ounce by 2014, in the absence of inflation or strong demand from China, says a Citigroup analyst.

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Oil fuels UK producer prices rise

posted by morgan 841 days ago in GBP, Yearly, Oil

The prices of goods leaving UK factories rose at their fastest rate for 13 months in January, fuelled by a jump in the cost of oil, figures show.

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USD remains higher after jobless claims rise

posted by morgan 842 days ago in USD, EUR, Employment made popular 842 days ago

The dollar held onto small gains on Thursday, touching a seven-month high versus the euro, after the U.S. Labor Department said jobless claims unexpectedly rose 8,000 to 480,000 in the latest week.

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Gold Falls for 2nd Month as Dollar’s Advance Erodes Demand

posted by morgan 847 days ago in USD, Gold made popular 847 days ago

Gold fell, capping a second straight monthly decline, as a stronger dollar curbed the metal’s appeal as an alternative investment.

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Euro Posts Biggest Monthly Decline in Year

posted by morgan 847 days ago in EUR, Monthly made popular 847 days ago

The euro recorded its biggest monthly drop in a year against the yen and fell versus the dollar as concern Greece won’t be able to meet its debt obligations spurred a retreat from riskier assets.

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Copper dips; US dollar, China offset US data

posted by morgan 848 days ago in USD, Metals made popular 848 days ago

Copper prices dipped on Thursday as surprisingly strong US economic growth figures were outweighed by a stronger dollar and lingering worries over potential monetary tightening in China.

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Gold slips on firmer dollar; Fed eyed

posted by morgan 850 days ago in USD, Gold, Inflation

Gold prices eased slightly on Wednesday as the dollar firmed a touch versus the euro, as investors shied away from riskier assets on concerns about China tightening lending and ahead of a U.S. interest rate decision.

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AUD catching bid tone as risk trades try to return

posted by morgan 853 days ago in USD, AUD made popular 853 days ago

The AUD/USD is catching an updraft as some AUD/JPY buying hits the market. Still no sign of any major flows but the risk sentiment is returning in mild doses. Next resistance in the AUD/USD is at .9090.

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Gold prices recover; silver slides further

posted by morgan 854 days ago in USD, Gold, Metals

Gold prices recovered by Rs 50 to Rs 16,485 per ten grams at the bullion market here today on fresh buying by stockists and jewellers despite weak trend in overseas markets.

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Inflation, Repo rates hit record lows

posted by morgan 854 days ago in USD, Inflation

The final inflation figures for 2009 released yesterday by the Central Statistical Office indicate that headline inflation set a new record last year when it slowed to 1.3 per cent for the 12 months up to December 2009, down from 1.5 per cent in

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