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Tough decisions on spending, revenue on anvil: Prime Minister
While the current account deficit (CAD), which indicates the difference between inflow and outflow of foreign exchange, is expected to rise to 4 per cent of the GDP in 2011-12 from 3.3 per cent a year ago, the high crude oil prices will put pressure on ...
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Fitch affirms 2 money market funds managed by Amundi
... (for the EUR sub-fund) and 0.72 (for the USD sub-fund) met Fitch's 'AAAmmf' rating criterion of 1.50 or less. MATURITY PROFILE The funds seek to limit interest rate and spread risk consistent with Fitch's ratings criteria for funds rated 'AAAmmf'.
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Prior Week Market Movers: Their Key Lessons For This Week
In the US, a weak ADP NFP jobs report, ominous for Friday's official BLS jobs report, as well as a drop in factory orders added to the bad news from Europe. Yet except for the EUR's 0.75% drop, and stock indexes in Spain and Italy falling ~ 2.5% for ...
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Fundamental Update: The UK is back in recession
The services sector expanded by 0.1%; however this was not enough to balance the weakness from other sectors of the economy. The BOE has said it believes that the GDP figures are underestimating the strength of the UK economy and there is a chance that ...
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Sterling hovers near 20-month high vs weak euro
The pound has performed strongly in recent days on the back of data showing an improvement in the UK economy and with dimming expectations that the Bank of England will opt for a further bout of asset-buying quantitative easing.
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Seoul shares seen rangebound in post-holiday trade
-----------------MARKET SNAP SHOT @ 22:20 GMT------------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1368.71 0.74% 10.120 USD/JPY 80.86 0.02% 0.020 10-YR US TSY YLD 2.037 -- 0.000 SPOT GOLD $1658.69 0.07% 1.240 US CRUDE $102.56 -0.14% -0.140 DOW ...
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USD/JPY orders
USD/JPY is holding at the middle of today's range around 81.40 in early American trade. Traders report bids at 81.20 with stops placed below, and more demand at 81.00 with more stops below. Offers look to be in place at the 81.50/60 area.
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Australia cenbank holds rates, opens door to easing
... saying it wanted to see coming inflation data before deciding whether to ease policy. The Australian dollar slipped as the Reserve Bank of Australia (RBA) sounded a more cautious note on the economy, acknowledging that growth had disappointed.
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C$ firms on stronger US, China data
The Canadian dollar ...
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Mixed Results For German Retail Sales
When compared to other European countries, Germany has over the past years enjoyed lower unemployment and lower inflation, which has translated to higher consumer confidence. The EUR/USD rose 13 points, and should continue to be monitored ahead of the ...
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Gold And Silver Daily Outlook For March 22
US Jobless Claims: Initial claims decreased to 351000 claims for the week ending on March 10th; the upcoming update may affect the strength of the US dollar and consequently gold and silver. The Euro/USD slightly declined on Wednesday by 0.07% to ...
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AUD/USD weekly outlook: February 27 - March 2
Meanwhile, Reserve Bank of Australia Governor Glenn Stevens said Australia's benchmark interest rate is about right for the moment as economic growth is close to trend while concerns over the effects of the euro zone's debt crisis on global output ...


