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Euro Drops Against Dollar as ECB Says Economic Activity Weak

posted by MarcB 1360 days ago in USD, EUR, GBP

The euro fell against the dollar after European Central Bank President Jean-Claude Trichet said the region is undergoing an ``episode of weak activity,'' signaling policy makers aren't inclined to lift interest rates soon.

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Canada Dollar Declines as Crude Oil Drops, U.S. Dollar Rally

posted by MarcB 1362 days ago in USD, CAD, Oil made popular 1362 days ago

Canada's currency fell after crude oil dropped to a five-month low and the U.S. dollar rose against other major currencies.

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Dollar Rises to Highest in Almost 7 Months on Oil, Fed Cuts

posted by MarcB 1362 days ago in USD, Oil made popular 1362 days ago

The dollar rose to the highest level against the euro in almost seven months as oil fell and Federal Reserve rate cuts raised speculation that the U.S. economy will outperform Europe and Asia.

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Gustav Weakens, Having Spared Oil facilities

posted by MarcB 1362 days ago in USD, Oil made popular 1362 days ago

Surface observations over Louisiana indicate that Hurricane Gustav has weakened below tropical storm strength, according a statement released Tuesday morning by the National Weather Service Hurricane Center.

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Forex Forecast: 5 Key Events for the Market This Week

posted by MarcB 1363 days ago in USD, EUR, AUD made popular 1363 days ago

There seems to be fewer economic releases scheduled for next week; but rest assured, the indicators that do populate the docket are major market movers. And, considering the week begins on an extended holiday weekend for the US market (read low l

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Yen Rises on Speculation Stock Declines to Crimp Carry Trade

posted by MarcB 1363 days ago in JPY, Sentiment made popular 1363 days ago

The yen rose to the highest level in five months against the euro and rallied versus the dollar as a decline in stocks prompted traders to pare holdings of higher- yielding assets funded in the Japanese currency.

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Euro Rises for Second Day on Crude Oil Gain, ECB Rate Outloo

posted by MarcB 1367 days ago in USD, EUR, Oil made popular 1366 days ago

The euro rose against the dollar for a second day as an increase in crude oil prices led traders to raise bets that the European Central Bank will maintain borrowing costs at a seven-year high to curb inflation.

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Oil Rallies As Gustav Approaches Gulf

posted by MarcB 1367 days ago in USD, Oil made popular 1366 days ago

Crude prices touched above $120 on Thursday morning amid concerns Tropical Storm Gustav could cause problems in the Gulf of Mexico's oil region. Light sweet crude for October delivery moved to $119.53, up $1.38 on the session. Oil hit as high as

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Canadian Dollar Rises the Most in a Week as U.S. Dollar Drop

posted by MarcB 1368 days ago in USD, CAD, Oil made popular 1367 days ago

Canada's dollar climbed the most in almost a week as its U.S. counterpart fell against all of the world's major currencies after European Central Bank council member Axel Weber said there's no scope for interest-rate cuts.

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Euro Rises From Low Against Dollar on Weber, Oil Gain

posted by MarcB 1368 days ago in USD, EUR, Oil made popular 1365 days ago

The euro rose from a six-month low versus the dollar as European Central Bank council member Axel Weber said there's no scope for interest-rate cuts and crude oil prices increased for a third straight day.

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Crude Soars Above $117 As Gustav Strengthens

posted by MarcB 1369 days ago in USD, Oil

After experiencing some overnight weakness, oil prices moved higher on concerns over Hurricane Gustav. Light sweet crude for October delivery added $2.29 to reach $117.40 a barrel. Prices had dropped as low as $112.36 in electronic trading.

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Gold Fall for Second Day as Oil Declines, Dollar Rises

posted by MarcB 1371 days ago in USD, Gold, Metals made popular 1370 days ago

Gold and silver fell in Asia for the second day as crude oil dropped and a rally in the dollar eroded the appeal of the precious metals as an alternative asset.

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