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Bernanke on the State of the Economy

posted by odell 1411 days ago in USD, Fundamental made popular 1409 days ago

The U.S. economy and financial system have confronted some significant challenges thus far in 2008. The contraction in housing activity that began in 2006 and the associated deterioration in mortgage markets that became evident last year have le

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Oil prices plummet more than $6 amid economic fear

posted by odell 1411 days ago in USD, Oil made popular 1408 days ago

Oil prices fell harder than they have in 17 years Tuesday, as fears that record fuel prices are spreading broad economic pain exacerbated the third big sell-off in just over a week.

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Wholesale Prices Jump 1.8% in June

posted by odell 1411 days ago in USD, Inflation made popular 1407 days ago

The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel.

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Bernanke: economy faces 'numerous difficulties'

posted by odell 1411 days ago in USD, Fundamental made popular 1407 days ago

Federal Reserve Chairman Ben Bernanke told Congress Tuesday the fragile economy is facing "numerous difficulties" despite the Fed's aggressive interest rate reductions and other fortifying steps.

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GSEs' Impact on Foreign Inflows and Risk Appetite

posted by supertrader 1411 days ago in USD, Sentiment, Daily made popular 1408 days ago

Almost 4 months to the day after the Fed backed the JPMorgan (JPM) rescue of Bear Stearns(BSC), the Fed and the US Treasury intervene to provide a 3-part rescue plan for US Government Sponsored Enterprises Fannie Mae and Freddie Mac. The US Treas

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Dollar: "Are We Low Enough Yet?"

posted by sovsoc100 1411 days ago in Daily made popular 1407 days ago

So the big question: Is this a new dollar low? Close, but no cigar yet!

The dollar has been hammered lower this morning. But it's bouncing higher this afternoon, now that the Big Boys, a.k.a. Bernanke, Bush and Paulson added to the public com

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GFT Daily Market Commentary

posted by wiredprg 1416 days ago in Daily made popular 1415 days ago

Forex Market Commentary for July 11, 2008 by Cornelius LucaGFT Daily Market Commentary The dollar was all over the place on Thursday, down versus the euro and the commodity currencies, but up against the yen and pound. The US curre...

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ECB plays down rise in euro’s global status

posted by odell 1416 days ago in EUR, Special made popular 1415 days ago

The euro’s importance in global foreign exchange reserves has stabilised or even fallen, according to a European Central Bank report on Wednesday that scotched suggestions the single currency was catching up with the dollar.

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Inflation Targets Don't Kill Jobs, Economies

posted by odell 1416 days ago in Special, Inflation made popular 1415 days ago

Are central banks dealing with inflation as if they were hunting bears with a howitzer?

The simple answer is no, though a growing number of academics would say otherwise.

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Oil Steady After Jumping $5 as Trading Programs Trigger Buy

posted by odell 1416 days ago in USD, Oil made popular 1415 days ago

rude oil traded near $142 a barrel after rising more than $5 in the last hour of New York floor trading yesterday as prices breached a level that triggered computer-generated buying programs.

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BOJ May Keep Hold Rate as Rising Costs Discourage Spending

posted by odell 1416 days ago in JPY, Inflation, Retail Sales made popular 1415 days ago

The Bank of Japan will probably keep interest rates on hold next week as rising energy and commodity costs erode incomes and discourage spending by businesses and households in the world's second-largest economy.

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Dollar Falls to One-Week Low Versus Euro on Financial Losses

posted by fxhottie 1416 days ago in USD, EUR, Fundamental made popular 1416 days ago

The dollar dropped to a one-week low against the euro as Treasury Secretary Henry Paulson said in prepared congressional testimony that financial markets will take ``additional time'' to stabilize.

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