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Dollar flat to lower as oil renews advance

posted by pipsmgee 1464 days ago in USD, Fundamental, Daily made popular 1464 days ago

A renewed rise in oil prices after a short respite left the dollar flat to slightly lower against its major counterparts in cautious, pre-holiday trade Friday.

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Jobless claims drop to lowest level in 4 weeks

posted by pipsmgee 1465 days ago in USD, Daily, Employment made popular 1465 days ago

The number of newly laid off workers filing for unemployment benefits unexpectedly fell last week to the lowest level in a month.

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Dollar mixed as profit-taking weighs on euro

posted by pipsmgee 1465 days ago in USD, Fundamental, Daily made popular 1465 days ago

The U.S. dollar gained back a little ground against the European single currency Thursday, with analysts citing profit-taking following the euro's strong gains this week.

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Fed lowers growth forecast, raises inflation view

posted by pipsmgee 1466 days ago in USD, Daily, Inflation made popular 1466 days ago

The Federal Reserve on Wednesday slashed its 2008 U.S. economic growth forecast and signaled that mounting concerns over inflation would make further interest rate cuts unlikely.

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Euro extends gains on strong Ifo reading

posted by pipsmgee 1466 days ago in EUR, Fundamental, Daily made popular 1466 days ago

Signs of resilient business sentiment in Germany, Europe's largest economy, sent the euro higher across the board Wednesday, underlining ideas the European Central Bank will further delay any cuts in interest rates.

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Wholesale inflation slows in April after March increase

posted by pipsmgee 1467 days ago in Fundamental, Daily, Inflation made popular 1466 days ago

Wholesale inflation slowed in April following a big jump in March but the improvement is likely to be temporary as consumers are battered in coming months by price hikes for gasoline, food and a host of other items.

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Dollar extends losses after U.S. inflation data

posted by pipsmgee 1467 days ago in USD, Fundamental, Daily made popular 1465 days ago

The dollar extended losses against its major rivals Tuesday after the U.S. Labor Department's headline gauge of wholesale prices rose less than forecast in April, contrasting with hot inflation data from a key eurozone nation.

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Gold futures drop over $19 in three sessions

posted by pipsmgee 1473 days ago in Gold made popular 1463 days ago

Gold futures closed lower Wednesday taking the metal's three-session loss to more than $19 an ounce after the Labor Department reported that U.S. consumer inflation moderated in April

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Consumer-level inflation's tame in April, U.S. says

posted by pipsmgee 1473 days ago in USD, Fundamental, Inflation

Growth in consumer prices came in below expectations for April even as food prices rose at the sharpest rate in 18 years, a government report showed Wednesday.

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Gold closes down $15 as dollar strengthens

posted by pipsmgee 1474 days ago in Fundamental, Gold made popular 1473 days ago

Gold futures lost more than $15 an ounce Tuesday to mark their lowest closing level in more than a week as the U.S. dollar rose against other major currencies, hurting investment demand for the precious metal.

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Financial markets still out of whack, Bernanke says

posted by pipsmgee 1474 days ago in USD, Fundamental, Daily made popular 1473 days ago

Despite some signs of improvement, financial markets remain severely stressed, Federal Reserve Chairman Ben Bernanke said Tuesday.

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Gold ends lower, as traders eye dollar, crude moves

posted by pipsmgee 1475 days ago in Gold

Gold futures closed lower Monday, pressured by some strength in the U.S. dollar and a retreat in oil prices, but the precious metal held its ground above the $880-an-ounce level after gaining more than 3% last week

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