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Australia’s Q1 growth moderates
Australia’s economic growth moderated last quarter as higher interest rates and the end of tax breaks proved a headwind, though surging export prices look set to re-energise activity as the year progresses.
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AUD Near One-Year Low Versus Canada’s on Rates
The Australian dollar traded near its lowest since 2009 against Canada’s currency on speculation its central bank will lag behind policy makers in the North American nation in raising interest rates.
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Gold prices dip as euro rises slightly
Gold took a pause from its recent run-up Wednesday as the euro strengthened. Investors are pulling money out of gold as the euro bounces off of a four-year low. Investors see gold as a safe alternative to the European common currency, which has b
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Yen Near 2-Week Low on Japan Political Concern, US Recovery
The yen traded near the lowest level in more than two weeks as political uncertainty in Japan and signs the U.S. economy is gaining traction tilted demand toward dollar-denominated assets.
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The Pound to Turn South Again?
Good day forex friends! On today’s chart spotlight is the daily time frame of the guppy (GBPJPY). As you can see, buyers have bought up the British pound after it had fallen to a low of 126.731 against the Japanese yen. The pair has since retrace
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Announced U.S. Job Cuts Fell From Year Ago, Challenger Says
Job cuts announced by U.S. employers declined in May, indicating the labor market is improving.Planned firings dropped 65 percent to 38,810 from 111,182 in May 2009, according to figures released today by Chicago- based Challenger, Gray & Chr
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Dollar Firms Up 06-01-2010
The Dollar firmed up and bounced late in the day and the remaining currencies began a late day slide.
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Australia, NZ dollars up on yen retreat, share rally
The New Zealand and Australian dollars were stronger on Thursday bolstered by a weaker yen and investors showing more appetite for risk as upbeat U.S. data sent stocks higher.
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Banks cut proprietary trades in forex as volatility mounts
Banks have reduced proprietary trades in foreign exchange in view of the extreme volatility in recent days. Several treasury heads said they are squaring off their forex position by the end of the day to avoid any risk on their books. Over the pa
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Dollar Mixed, Euro Up As Stocks Guide Trade
The dollar was nursing slight losses vs. the euro in afternoon dealings Wednesday while holding modest gains vs. the yen in a session where the greenback's fortunes were again tied to the ebb and flow of risk appetites, as measured by the rise an
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Sugar Declines in New York, London on Rising Supplies
Sugar fell in New York and London on concern that rising supplies in Brazil, the world’s biggest producer, will erase a global deficit.
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Oil prices climb as monthly jobs report looms
Oil prices rose slightly on Wednesday as investors began to place bets ahead of Friday's monthly jobs report that figures to provide fresh clues about the strength of the rebounding economy and demand for oil.


