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Dollar Falls to One-Week Low Vs. Euro as Jobless Rate Rises

posted by warrenbuffet 1450 days ago in USD, Employment made popular 1450 days ago

The dollar fell to a one-week low against the euro after a government report showed the U.S. unemployment rate increased the most in more than two decades, adding to evidence the economy may not be rebounding.

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Oil soars on $150 per barrel July 4 prediction

posted by warrenbuffet 1450 days ago in USD, Oil made popular 1450 days ago

Oil is trading above $134 per barrel on an analyst prediction that prices could hit $150 by July 4.

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Jobless rates jumps to 5.5 percent — biggest rise since `86

posted by warrenbuffet 1450 days ago in USD, Fundamental, Employment made popular 1450 days ago

The nation's unemployment rate jumped to 5.5 percent in May — the biggest monthly rise since 1986 — as nervous employers cut 49,000 jobs.

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Dollar's Fall Could Be Limited as Fed Signals Rate Pause

posted by warrenbuffet 1464 days ago in USD, Inflation made popular 1463 days ago

The Fed has given us a bleak prognosis of the US economy as can be seen from the minutes of the FOMC meeting on April 29/30. Here are some downbeat forecasts: the Fed cut its forecast for economic growth to 0.3% - 1.2% in 2008, a far cry from its

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Australian Dollar: Parity Within Reach

posted by warrenbuffet 1464 days ago in AUD made popular 1463 days ago

Who could have imagined that the value of one Australian dollar could be equal to one US Dollar?

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The Case for $1300/Oz Gold

posted by warrenbuffet 1464 days ago in Gold made popular 1463 days ago

Why gold will reach $1300.

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RBA boss doubts Budget's effect on interest rates

posted by warrenbuffet 1472 days ago in AUD made popular 1465 days ago

Speaking two days after Wayne Swan said his first Budget would provide a "mild tightening" to the economy, Mr Stevens said the important feature of budget policy was that Budgets be balanced over the course of the business cycle.

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UK may follow US into recession

posted by warrenbuffet 1472 days ago in GBP, Fundamental, GDP made popular 1469 days ago

The Bank of England has warned that Britain may be following the US into recession, despite a growing belief on global financial markets that the worst of the credit crunch has passed

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Bollard's rate dilemma after shopping slows

posted by warrenbuffet 1472 days ago in NZD, Inflation made popular 1465 days ago

Weaker than expected retail sales numbers will have done nothing to make Reserve Bank governor Alan Bollard's dilemma - about when to start easing rates - any easier.

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The dollar's short-lived comeback

posted by warrenbuffet 1472 days ago in USD made popular 1465 days ago

The greenback has rebounded nicely from lows hit in April. But some currency experts don't expect it to last.

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The Comeback of King Dollar?

posted by warrenbuffet 1481 days ago in USD, Technical made popular 1480 days ago

Over the last eight trading days, from April 22 to May 2, the U.S. Dollar increased by 2.57% (from 69.7218 to 71.5147), as measured by the Federal Reserve's Trade Weighted Dollar Index for Major Currencies.

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Money: Inflation, Deflation and Gold

posted by warrenbuffet 1481 days ago in Special, Gold, Inflation made popular 1480 days ago

Money serves as a medium of exchange and store of value. Price provides an important clearing mechanism in a society. Here we are going to explore the interesting dynamics between money and price.

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