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Dollar, yen gain in Asia as stock markets slip

posted by camac 734 days ago in USD, JPY made popular 734 days ago

The dollar and yen gained in early Asian trading Monday, as a weak start to equities in Japan and South Korea prompted risk-averse investors to seek the perceived safety of lower-yielding, less risky currencies.

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AUD Falls on Europe’s Debt Crisis

posted by fahrell 734 days ago in USD, AUD, Trade made popular 734 days ago

The Australian and New Zealand currencies slid for the sixth time in seven days against the dollar on concern Europe’s debt crisis will spread.

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AUD Slipping With Focus Firmly On Mining Tax

posted by mateo 734 days ago in USD, JPY, AUD made popular 734 days ago

The AUD/USD and AUD/JPY continue to slide and the sell-off is picking up momentum after these comments.

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Oil prices fall as stockpiles rise

posted by vhinz316 734 days ago in USD, Oil made popular 734 days ago

Oil prices fell on Friday as increasing stockpiles of crude and oil products in the United States undercut the economic optimism that boosted equities markets. Front-month U.S. crude futures fell 76 cents to settle at US$70.04 a barrel, erasing g

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Euro pulls away from lows on intervention concerns

posted by morgan 737 days ago in EUR made popular 737 days ago

The worst week for risk aversion in 2010 continued apace overnight as markets digested concerns about the strength of the recovery in the US with the unexpected jump in weekly jobless to 471,000 and the unexpected drop in leading indicators.

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Gold steadies as euro climbs

posted by john 737 days ago in EUR, Gold made popular 737 days ago

Gold steadied above two-week lows on Friday as the euro climbed against the dollar, but the market remained caught between selling to cover losses in other markets and safe-haven buying on worries over financial market turmoil.

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Euro Slump Bolsters Prospects for European Grain Exporters

posted by lesz 737 days ago in EUR made popular 737 days ago

This year’s 14 percent slump in the euro is buoying prospects for the region’s farmers as buyers from Algeria to Thailand pick cheaper European Union grain over U.S. supplies.

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Yen Slips Vs. Rivals After Japan Minister Warns

posted by hinata 737 days ago in EUR, JPY made popular 737 days ago

The euro bounced back against major rivals in early Asian trading Friday, getting a lift against its Japanese counterpart after Japan's finance minister warned about excessive yen strength.

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Bargain hunters snap up Australian dollar

posted by jayar 737 days ago in AUD made popular 737 days ago

The Australian dollar has jumped more than 2 per cent from today's morning lows, with hedge funds and Asian central banks cited as buyers after its fast slide this week rendered it attractive for those in for the long haul.

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Japan recovering despite deflation

posted by chezka 737 days ago in JPY, GDP made popular 737 days ago

Japan's economy gathered pace in the first three months of the year but missed forecasts, data showed Thursday, illustrating that an accelerating export-driven recovery remains threatened by deflation.

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Euro plunges vs yen on worries about EU unity

posted by annie 737 days ago in EUR, JPY, Trade made popular 737 days ago

The euro on Thursday fell to its lowest against the yen since November 2001 as investors fretted about a seeming lack of unity among euro zone leaders in addressing the region’s debt crisis.

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U.S. firms see modest health cost hike post-reform

posted by jonell 737 days ago in USD, Employment made popular 737 days ago

Many employers expect to see a slight increase in costs as they work to implement U.S. healthcare reforms for 2011, but nearly one-third are still struggling to figure out what the impact will be, according to a survey released on Thursday.

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