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US consumer sentiment improves as oil falls

posted by odell 1379 days ago in USD, Oil, Consumer made popular 1379 days ago

US consumer sentiment improved this month to its highest level since April, a survey showed yesterday, as Americans were more optimistic about the future, including short-term inflation, even as they were gloomier about current conditions.

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Surge for the dollar as global fears rise

posted by odell 1379 days ago in USD made popular 1379 days ago

The dollar surged to a two-year high against the pound and a six-month peak against the euro on Friday, as fears about spreading economic gloom triggered a sell-off in commodities.

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Oil sinks as global economy slows

posted by odell 1379 days ago in Oil made popular 1379 days ago

Oil prices sank Friday as the dollar continued to climb and investors feared that weak economic growth would translate into lower crude demand worldwide.

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Why the buck stops here

posted by odell 1379 days ago in USD, Fundamental, Special made popular 1379 days ago

The dollar has had a nice run, but a soft economy is likely to cut the rally short.

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Dollar charges forward

posted by odell 1379 days ago in USD, EUR, JPY made popular 1379 days ago

Bad news for global economy is good news for the greenback. Dollar hits nearly 2-year high against British pound, gains vs. euro and yen.

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U.S. dollar likely to extend gains next week

posted by odell 1379 days ago in USD, EUR, JPY made popular 1379 days ago

U.S. dollar could gain further ground next week, underpinned by the view that other major economies are deteriorating while the United States, the first major casualty of the credit crisis, is showing signs of reviving.

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Canada's Flaherty sees no recession this year

posted by odell 1379 days ago in CAD, Fundamental, GDP made popular 1379 days ago

Canadian Finance Minister Jim Flaherty said he expects solid economic growth this year, despite signs the country was on the brink of a recession in the first half.

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IMM speculators boost long U.S. dollar position

posted by odell 1379 days ago in USD, Sentiment made popular 1379 days ago

Currency speculators boosted
their bets on the U.S. dollar for a third week, according to
the latest weekly data from the Commodity Futures Trading
Commission on Friday.

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Dollar posts 5th weekly gain verus euro

posted by odell 1379 days ago in USD, EUR, GDP made popular 1379 days ago

The U.S. dollar jumped to a six-month high against the euro on Friday, buoyed by another drop in oil prices and growing views the U.S. economic slowdown may be bottoming while growth in the euro zone stalls.

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Canadian dollar rises on manufacturing

posted by odell 1379 days ago in CAD, Fundamental, Manufacturing made popular 1379 days ago

Stronger-than-expected manufacturing figures helped lift the Canadian dollar against the U.S. dollar on Friday, while bond prices took their cue from a rising U.S. Treasury market.

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Industrial output up 0.2 percent in July

posted by odell 1379 days ago in USD, Fundamental, Manufacturing made popular 1379 days ago

Industrial output rose in July at a slightly better pace than expected as a further rebound in the auto industry offset a big plunge in output at the nation's utilities.

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Fed's Lockhart Wants to Keep Rates on Hold

posted by odell 1379 days ago in USD, Inflation made popular 1379 days ago

Federal Reserve Bank of Atlanta President Dennis Lockhart said he prefers to keep interest rates unchanged for now, while anticipating a debate among policy makers about whether to raise them in coming months.

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