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Dollar Drops on Concern U.S. Job Losses to Show Deepening Sl

posted by Tantan 1177 days ago in USD, EUR, JPY made popular 1177 days ago

The dollar fell against the euro and the yen before a government report that may show the U.S. lost the most jobs last month since 1949.

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Market Commentary - 6th March 2009

posted by Sylvanna 1177 days ago in Fundamental, Daily made popular 1177 days ago

The ECB cut interest rates by another 0.50% to 1.50% yesterday, bringing the total reduction in official rates since last October to 2.75%. This represents an historic low for the refi rate but further easing is anticipated by the summer, with ra

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Australian Dollar Slides as Equities Decline to Six-Year Low

posted by Romantiq 1177 days ago in AUD

The Australian dollar fell as U.S. equities plunged and Australia’s stock benchmark dropped to a six-year low after China quelled speculation it will add to its stimulus plan. New Zealand’s dollar was little changed.

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Dollar Drops as Markets Fear 1 Million US Unemployed

posted by fx360 1177 days ago in USD, Fundamental, Employment made popular 1177 days ago

The EUR/USD rose sharply in Asian and European trade today ahead of the critical US Non Farm Payroll report as currency markets feared that the numb

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British pound falls to new multi-day lows against franc

posted by RogerTerr 1177 days ago in JPY, GBP, CHF made popular 1177 days ago

Friday, the British pound declined to new multi-day lows against the Swiss franc and the Japanese yen after a report showed that UK's input price inflation slowed in February, providing room for further rate cut by the Bank of England in future.

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Manufacturers shore up profits as prices slide

posted by freshmint 1177 days ago in GBP, Manufacturing

Manufacturers are taking advantage of tumbling inflation to shore up their damaged profit margins, figures from the Office for National Statistics (ONS) suggest.

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U.K. Producer-Price Gains Slow to Least in 16 Months

posted by dotcom 1177 days ago in GBP, Fundamental made popular 1177 days ago

U.K. producer prices increased in February at the slowest annual pace in 16 months as the recession defused inflation pressures from the British economy.

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European Central Bank cuts its main interest rate

posted by techiegirl 1177 days ago in EUR, Inflation made popular 1177 days ago

The European Central Bank on Thursday cut its main interest rate by a half percentage point to 1.5 per cent and hinted that further rate cuts were possible - as well as a boost in the money supply to help the ailing euro-zone economy.

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Canadian dollar mixed against majors

posted by newsinabox 1177 days ago in CAD, Fundamental made popular 1177 days ago

Friday, the Canadian dollar showed mixed trading against its major counterparts as the curde oil prices were steady under $44 today, after sinking 4 percent overnight on fears that the deepening financial crisis would further crimp energy demand.

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Oil under $44 after 4% slump

posted by post-it 1177 days ago in Oil

Oil was steady under $44 on Friday, after sinking 4.0 percent overnight on fears that the deepening financial crisis would further crimp energy demand.

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Dollar Drops on Concern U.S. Job Losses

posted by kulas 1177 days ago in USD, Fundamental made popular 1177 days ago

The dollar fell against the euro and the yen before a government report that may show the U.S. lost the most jobs last month since 1949.

Discuss

Bank to start buying assets after cutting rates

posted by blitz 1177 days ago in EUR, Fundamental, Inflation made popular 1177 days ago

The Bank of England pledged to go on a 75 billion pound bond-buying shopping spree on Thursday in an unprecedented attempt to get the recession-hit economy growing again as it also cut interest rates to new record low.

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