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Copper Declines for Third Day as Metal Inventories Increase
Copper fell for the third straight day, capping the longest slide in a month, as rising metal inventories quelled supply concerns.
6 votes
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Forex Trader Top 3: ECB Holds, Trichet’s Secret Agenda, Jobl
On Thursday, the European Central Bank held the Main Refi Rate steady at 4.0%.On the heels of the ECB rate announcement Jean-Claude Trichet held a press conference, which - as usual - moved the euro.
Weekly jobless claims edged lower in th
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Forex Trader Top 3: Dollar Bulls, U.S. Productivity Incline,
On Tuesday, Kansas Federal Reserve President Thomas Hoenig made specific comments towards inflation - and the potential need for rate hikes - to an audience in Denver, Colorado.On Tuesday, non-farm business productivity growth exceeded expect
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Gold Rises as Dollar Declines, Oil Tops $122; Silver Gains
Gold rose for the third straight session as the dollar declined against the euro and energy costs surged, boosting the appeal of the precious metal as a hedge against inflation. Silver also gained.
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Dollar gets small boost from stronger than expected US data
The dollar got a small boost from strong US data as the week got off to a quiet holiday-thinned start with public holidays in Japan and the UK.
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Blue Skies In The Rear View Mirror
Weekly commentary on New Zealand, Australian, and US markets
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A weekly outlook for New Zealand, Australia, and US Markets
As expected, the OCR was left onhold, with the tone of the commentary suggesting rate cuts are likely to occur earlier than end-2009 as forecast by the RBNZ back in March. Other data out suggested weak retail turnover in March, and that migrati
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U.S. dollar firms on optimism that the worst may be over
The U.S. dollar continued to gain on increasing optimism that the worst of the credit crisis is now over. Last night, the Federal Reserve cut interest rates by 25 basis points, marking a departure from the aggressive monetary easing of recent mon
9 votes
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Gold slides to 3-month low on dollar rise
Gold ended sharply lower after hitting a three-month bottom on Tuesday on the back of a firmer dollar, declining oil prices and weak sentiment ahead of an interest rate decision by the Federal Reserve.
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CIBC Overnight Roundup
Overnight commentary on the Americas, Eurozone, and Asian Currencies.- April 29th, 2008


