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NZ dollar starts week stronger

posted by wizardfx 1070 days ago in USD, EUR, NZD made popular 1070 days ago

The New Zealand dollar reached its highest level in nearly three weeks against the greenback and touched a seven-month high against the euro.

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US: Inflation sparks glowing on the horizon

posted by trader 1070 days ago in USD, Fundamental, Inflation made popular 1070 days ago

U.S. Federal Reserve Chairman Ben Bernanke must find a convincing way to explain why his central bank is in no hurry to raise interest rates even though the economy is stabilizing.

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EUR: Governments have reached borrowing limit

posted by princess 1070 days ago in EUR, Fundamental, Inflation made popular 1070 days ago

European Central Bank president Jean-Claude Trichet warned today that governments that have borrowed billions to fight the economic crisis had no room for more debt and would have to start bringing down budget deficits.

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UK Retail sales slump puts paid to hopes

posted by mintchocolate 1073 days ago in GBP, Retail Sales made popular 1073 days ago

An expected recovery in UK retail sales failed to materialise yesterday as new figures revealed a worse than expected fall of sales volumes in May.

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Daily Forex Commentary June 19

posted by fxlady 1073 days ago in GBP, AUD, Daily

Australian Dollar: After coming under some strong selling pressure in Asia and early Europe the Aussie dollar held on to support above 79 cents to retest topside resistance near 0.8050 overnight. The World Bank announced an increase in their grow

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Australian banks grow stronger, greedier

posted by fxcashmonster 1073 days ago in AUD, Fundamental

The Australian banks are claiming the need for more special treatment to stop terrible things happening, as they claim to see them.

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Obama plan puts too much faith in the Fed

posted by butterscotch 1073 days ago in USD made popular 1073 days ago

President Barack Obama's plan to increase oversight of US banks and other financial institutions met with skepticism on Capitol Hill on Thursday, where senators sharply questioned whether it was enough to prevent another economic meltdown.

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EUR/USD: What Triggered The Reversal?

posted by fx360 1073 days ago in USD, EUR, Technical made popular 1073 days ago

What started off as a quiet session in the FX markets turned out to be an active one intraday. The dollar initially sold off on good U.S. data as traders took on greater risk by moving back into higher yielding currencies. However around 1:30pm E

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Why the Fed Isn't Igniting Inflation

posted by zero 1073 days ago in USD, Inflation made popular 1073 days ago

Ever since the late economist Milton Friedman wrote in 1963 that "inflation is always and everywhere a monetary phenomenon," central bankers have been on notice that printing too much of the green stuff jeopardizes their legacies as guardians of

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US$ steady as focus swings to Fed meeting

posted by andes 1073 days ago in USD, Inflation made popular 1073 days ago

The US dollar was steady against the euro yesterday, hovering near lows struck on Wednesday after tame US inflation data further dampened speculation the Federal Reserve would raise interest rates by year end.

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USD Slightly Lower Against Euro

posted by erzon 1073 days ago in USD, EUR made popular 1073 days ago

In the currency market, the dollar slipped again against the euro. Late Wednesday, the euro was trading at $1.3895 vs. $1.3846 on Tuesday.

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USD extends gains vs Euro, Yen, hitting session highs

posted by neorix 1073 days ago in USD made popular 1073 days ago

The U.S. dollar extended gains on Thursday to trade at session highs against the euro and yen.

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