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Yen Trades Near Strongest Since 2002 on Global Economic Conc

posted by maximumpips 1206 days ago in EUR, JPY, Daily made popular 1202 days ago

The yen traded near the highest level against the euro since 2002 as global economic turmoil led investors to sell higher-yielding assets and pay back low-cost loans in Japan's currency.

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Euro, Pound Tumble on Bets European Central Banks to Cut Rat

posted by maximumpips 1207 days ago in EUR, Fundamental, Daily made popular 1207 days ago

The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation European central banks will cut interest rates as the global economy heads for recession.

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Canada's Dollar Falls on Securities, Wholesale Sales Reports

posted by maximumpips 1209 days ago in CAD, Fundamental made popular 1209 days ago

Canada's currency weakened after wholesale sales in August fell for the first time since February and foreigners decreased their holdings of Canadian securities for a second month.

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Dollar Declines as U.S. Housing Starts Fall More Than Foreca

posted by maximumpips 1212 days ago in USD, JPY, Fundamental made popular 1212 days ago

The dollar fell against the yen after a government report showed U.S. housing starts dropped in September more than economists forecast.

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Yen Declines Against Euro, Dollar on Drop in Money-Market Ra

posted by maximumpips 1213 days ago in EUR, JPY, Fundamental

The yen declined from near a three- year high against the euro and fell versus the dollar as a drop in money-market rates encouraged investors to resume purchases of higher-yielding assets funded by low-cost loans in Japan.

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Euro May Slide to 120 Yen by Year End on Crunch, Citigroup S

posted by maximumpips 1214 days ago in EUR, Fundamental

The euro may drop 13 percent versus the yen as global credit markets will remain depressed even after U.S. and European officials made as much as $3 trillion available to unclog lending, Citigroup Global Markets Inc. said.

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Yen Declines Against Euro as Bank Rescues Support Carry Trad

posted by maximumpips 1215 days ago in JPY, Technical, Fundamental

The yen fell against higher-yielding currencies after governments in the U.S., Europe and Australia pledged to support banks, encouraging investors to increase holdings of euros, pounds and Australian dollars.

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Oil Rises as U.S., European Governments Move to Support Bank

posted by maximumpips 1216 days ago in Oil made popular 1216 days ago

Oil rose, rebounding from last week's 17 percent plunge, as governments in the U.S. and Europe acted to stem the worst financial crisis since the 1930s.

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Oil Falls More Than $1 on Signs Rate Cuts Won't Bolster Econ

posted by maximumpips 1220 days ago in Oil made popular 1220 days ago

Crude oil fell more than $1 a barrel in New York on concern that the coordinated cut of interest rates by central banks yesterday may be insufficient to prevent a prolonged global recession.

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Oil Falls as U.S. Supplies Climb Amid Concern of Waning Dema

posted by maximumpips 1221 days ago in Oil made popular 1220 days ago

Crude oil fell to the lowest in 10 months after the U.S. government reported a bigger-than-expected gain in crude and gasoline inventories as the global economic crisis curbed demand.

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Oil Rises as Traders Buy Crude Amid Speculation of OPEC Cut

posted by maximumpips 1222 days ago in Oil made popular 1222 days ago

Crude oil rose as traders took advantage of the cheapest prices in eight months to buy oil, amid speculation OPEC will cut output.

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Oil Declines Below $90 a Barrel on Concern Demand Will Weake

posted by maximumpips 1223 days ago in Oil

Crude oil fell below $90 a barrel for the first time since February as the credit crisis deepened in Europe, adding to concern that global economic growth will slow and reduce demand for fuels

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