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Euro Soars To 9-day High Against Yen

posted by MarcB 1388 days ago in USD, EUR, JPY made popular 1388 days ago

During early deals on Thursday, the Euro climbed to a 9-day high against the Japanese yen ahead of the monetary policy announcement by the European Central Bank. The Euro also showed strength against the currencies of UK and US.

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Highest Unsold Home Supply Since '82 Seen Need 50% Reduction

posted by MarcB 1388 days ago in USD, Fundamental, Housing made popular 1388 days ago

Hovnanian Enterprises Inc., New Jersey's largest homebuilder, cut the number of unsold houses by more than 50 percent over the past two years after lowering prices and still had 1,500 on its books as of April.

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Has anybody seen my missing EUR75bn?

posted by odell 1389 days ago in EUR, Special made popular 1388 days ago

Net capital outflow puts euro rise at risk, at least if the financial crisis fades.The latest flow-of-funds report from the euro area points a disturbing picture. In annual terms, the broad basic balance (net of current account, direct investment

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Support for the AUD on the wane

posted by odell 1389 days ago in AUD, Daily made popular 1388 days ago

To many, the RBA’s policy statement earlier this week constituted the preparatory stage towards an inevitable cut in interest rates before the Australian winter is out. For so long a stellar performer amongst the world’s major economies, Australi

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BBH FX Currency Strategy Quarterly Report

posted by odell 1389 days ago in Technical, Fundamental, Quarterly made popular 1388 days ago

In the first quarter, the dominant concern was that the credit crisis
posed systemic risks to the world financial system that could lead
to a deep and prolonged economic downturn. The events
surrounding the collapse of Bear Stearns marked an i

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Japan's core machinery orders fall in June

posted by odell 1389 days ago in JPY, Fundamental, Manufacturing made popular 1388 days ago

A key barometer of corporate capital spending fell for the first time in three months in June indicating Japanese businesses are feeling the pinch of a sputtering global economy.

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Australia Leaves Key Interest Rate Unchanged at 7.25%

posted by odell 1391 days ago in AUD, Fundamental, Inflation made popular 1391 days ago

Australia's central bank left its benchmark interest rate at a 12-year high and signaled it may cut borrowing costs as slowing economic growth cools inflation.

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Japan Inflation Up, But Experts Aren't Worried

posted by odell 1391 days ago in JPY, Special, Inflation made popular 1391 days ago

The rise of inflation has come as a culture shock to Japan, but a former economics minister isn't worried.

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Up, Up and Away ...

posted by odell 1391 days ago in Fundamental, Special, Inflation made popular 1391 days ago

Half the world is living with double-digit inflation, as boom gives way to bust.

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Lies, Damned Lies and Inflation Statistics

posted by odell 1391 days ago in USD, Special, Inflation made popular 1391 days ago

Developing countries like China are infamous for fudging economic stats, but in reality, lying about inflation is as American as baseball.

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Glass-half-full take on the US economy

posted by odell 1391 days ago in USD, Fundamental, Special made popular 1391 days ago

Just for a minute let's set aside all the bad things plaguing the financial world. Even in these gloomy times, there's some good news worth checking out.

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Fed Watch: What the Pros Are Saying

posted by odell 1391 days ago in USD, Special, Inflation made popular 1391 days ago

What will Ben Bernanke & Co. do—and say—at the Fed Open Market Committee's Aug. 5 meeting? Wall Street economists speculate.

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