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Govt increases MEP of onions by USD 30 per tonne

posted by Avatar skushno 316 days ago in USD, Commodities made popular 316 days ago

While opening export of onions in February the government had kept MEP of the bulb at a higher level of USD 600 per tonne as a precaution against the price shooting up again. After complaints from traders and intervention of Agriculture minister Sharad ... read more
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Australian Dollar, AUD: Latest exchange rate forecast and news

posted by Avatar skushno 316 days ago in AUD made popular 316 days ago

"The market continues to price in the possibility of rate cuts by the RBA given concerns over Australia's two-speed economy. Despite a booming resources sector, the domestic economy is suffering due to high interest rates and a strong currency. ... read more
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USD/CAD Rejected at 0.9775; Waiting on an Oil Rally to Accelerate Decline

posted by Avatar skushno 319 days ago in Commodities

When oil goes up, the Canadian dollar is usually supported, or strengthens. - Brent and Light Crude are in position to rally. If Brent rallies above 116.85 and light crude rallies above 95.85, the USD/CAD should be in a strong bearish attempt. ... read more
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ForexLive Asian market wrap: AUD rallies after strong jobs data

posted by Avatar skushno 325 days ago in CHF, AUD made popular 325 days ago

USD/JPY and USD/CHF have traded quietly in tight ranges The opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the ... read more
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US corn, wheat rebound on bargain hunting, demand

posted by Avatar skushno 327 days ago in USD, Commodities made popular 327 days ago

The US Department of Agriculture (USDA) on Friday announced the sale of 1.14 million tonnes of US corn to unspecified buyers, but traders said it effectively confirmed rumors the past two weeks that China had bought a large quantity of corn from the ... read more
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EUROPEAN OPENING NEWS INCLUDING: EU's Juncker says Ireland and Portugal are on ...

posted by Avatar skushno 328 days ago in EUR, CHF

(Il Sole 24 Ore) The Swiss government will discuss the recent gain in CHF at its next regular meeting on July 6th. (Der Sonntag) New Zealand plans to spend NZD 17.1bln over the next four years on infrastructure projects, as it seeks to fire up a ... read more
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Retailers push private labels on penny-pinching public

posted by Avatar skushno 334 days ago in Economic Indicators

The crisis has also helped boost sales as consumers have become more price-aware. The market for own brand products is estimated to reach up to EUR 1.2 billion this year after amounting to EUR 0.9 billion in 2010. Looking beyond sales volumes, ... read more
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Crude falls on economic growth worry, dollar

posted by Avatar skushno 338 days ago in USD, EUR, Commodities

[ID:nL3E7HN16I] * The dollar climbed and could extend gains as investors unwound bullish bets in higher-yielding currencies after the US Federal Reserve cut growth forecasts and gave no hints of more monetary easing. [USD/] * Gold broke a four-day ... read more
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Eyes on SNB ahead of UK retail sales and euro area inflation amid heightened ...

posted by Avatar skushno 346 days ago in CHF made popular 345 days ago

Retail sales in May are expected with a decline today following the temporary relief in April on the back of the Easter holiday and the Royal Wedding. It is indeed a troubled summer and the warm temperatures are surely not affecting the sentiment ... read more
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Time To Buy The Canadian Dollar Again

posted by Avatar skushno 347 days ago in CAD

As well, expectations are that the Bank of Canada will need to raise interest rates sooner rather than later to remove excess stimulus from the economy. Expectations currently are for Canada to start raising interest rates in September, ... read more
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Research and Markets: Glass Container Manufacturing Industry in the US and its ...

posted by Avatar skushno 347 days ago in Economic Indicators made popular 347 days ago

The industry's revenue for the year 2010 was approximately $5.8 billion USD , with an estimated gross profit of 36.69%. Import was valued at $.9 billion USD from 65 countries. The industry also exported $299.2 million USD worth of merchandise to 95 ... read more
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Bank Of Japan Expands Lending Facility, Retains Key Interest Rate

posted by Avatar skushno 348 days ago in JPY, Economic Indicators

Under the expanded facility, the central bank will lend upto JPY 500 billion. Each bank could borrow JPY 50 billion at an interest rate of 0.1 percent per annum for a maximum duration of four years. The policymakers at the central bank unanimously ... read more