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US Dollar and FX Risk Trends to Face GDP Reports

posted by morgan 882 days ago in USD, NZD, GDP made popular 882 days ago

The US dollar, Canadian dollar, British pound, and New Zealand dollar will all face a good amount of event risk in the coming week, but trade could also be extra volatile ahead of market closures on December 25.

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Buyers priced out of the UK housing market

posted by morgan 882 days ago in GBP, Housing made popular 882 days ago

The survey shows that house prices have once again started outpacing the increase in the average family's disposable income, meaning that the best opportunities for good value property have passed.

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CAD closes at 94.53 cents US, up 0.31 cent on Tuesday

posted by morgan 886 days ago in CAD

The Canadian dollar closed at 94.53 cents US, up 0.31 of a cent on Tuesday.

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U.S. recovery expectations drive dollar up, gold down

posted by morgan 886 days ago in USD, Gold made popular 886 days ago

Optimism about the economic recovery Monday encouraged investors to buy stocks and dump U.S. Treasurys, while gold prices fell as investors expected the dollar to remain firm in the beginning of 2010.

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ETFs to Benefit from a Rallying USD

posted by morgan 889 days ago in USD made popular 888 days ago

More much of the second half of 2009, one of the overarching themes has been continued weakness in the U.S. dollar, as a perfect storm of economic and political factors combined to push the greenback continually lower against major rivals.

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2010 The Year of Debt Deleveraging

posted by morgan 889 days ago in USD, Trade made popular 889 days ago

This is the season when pundits feel compelled to make annual forecasts. I will make mine, as I traditionally do, in the first letter of January. But already we have seen a wide range of forecasted outcomes. Are we going to grow at 5-6% or at 1-2

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British jobless rate declines

posted by morgan 892 days ago in GBP, Employment

The number of Britons claiming unemployment benefit fell in November for the first time in almost two years, according to official data today that showed unexpected resilience in the labour market.

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Eurozone prices show first rise since April

posted by morgan 892 days ago in EUR, GDP

As continental Europe's economy pulls out of recession, prices climbed 0.5 percent according to revised figures from the EU's Eurostat data agency -- a slight tightening on an earlier 0.6 percent estimate, but a sharp turnaround from a 0.1-percen

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Strong yen hurts Japanese exporters

posted by morgan 893 days ago in JPY made popular 893 days ago

The Nikkei fell 0.2% as the stronger yen pressured exporters and as traders sat on the sidelines ahead of the Federal Reserve monetary policy meeting today. Canon fell 0.80%, Sony slipped 0.77% while Toyota motored 0.27% lower. Softbank was down

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USD Near 2-Month High Versus Euro; AUD Falls

posted by morgan 894 days ago in USD, AUD, Inflation made popular 894 days ago

The dollar traded near a two-month high against the euro on speculation the Federal Reserve will signal today it’s moving away from its policy of keeping benchmark interest rates near zero.

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USD retreats after a two-month high

posted by morgan 895 days ago in USD made popular 895 days ago

The dollar weakened against the yen and euro Monday afternoon in Asia, easing back after a climb to a two-month high last week as traders mulled the timing of future rate hikes by the U.S. Federal Reserve.

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USD finding support

posted by morgan 896 days ago in USD made popular 896 days ago

U.S. Dollar Trading (USD) was on the front foot as risk appetite waned and profit taking on the most pairs saw the USD gain across the board. The Euro struggled to stay above 1.5000 and USD/JPY made fresh multi-month highs above the 92 Yen level.

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