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C$ hits 2012 high on Greek deal

posted by Avatar milkyway 2 days ago in all

"That would attract some investor confidence to the market and should give the euro a bit of a boost, and it's actually also attracting some offers into the US dollar." The Canadian dollar firmed to C$0.9925 to the US currency, or $1.0076, ... read more
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TTN February-March 2012 Outlook: A Healthy Recovery?

posted by Avatar milkyway 4 days ago in Economic Indicators made popular 4 days ago

Measures of growth also improved in Q4, with an improving trend in US GDP and production indices. The second reading on US Q4 GDP will be out February 29 after the advance reading showed sequential improvement but disappointed expectations, while US ... read more
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Australia pitches for boosting trade with India

posted by Avatar milkyway 7 days ago in AUD made popular 7 days ago

On Wednesday, Australian Trade Commissioner Patrick Kearins had said that trade with India is poised to reach AUD 40 billion in the next three years. "India is Australia's fourth largest trading partner. The growth in two-way trade reached $22 billion ... read more
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Canadian dollar up amid positive US employment data, lower commodity prices

posted by Avatar milkyway 9 days ago in CAD made popular 9 days ago

By Malcolm Morrison, The Canadian Press | February 02, 2012 A Canadian dollar is seen next to a series of US dollars Wednesday, January 26, 2011 in Montreal. THE CANADIAN PRESS/Paul Chiasson The loonie rose 0.09 of a cent to 100.18 cents US, ... read more
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Behind the EUR/USD Decline, Disappointments in US Data

posted by Avatar milkyway 11 days ago in EUR

The PMI index slipped to 60.2 from 62.2 due in large part to a decline in labor market conditions. The employment component of the Chicago PMI report fell to its lowest level since August. Although it is encouraging to see manufacturing activity ... read more
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Gold edges up; heads for biggest monthly gain since Aug

posted by Avatar milkyway 11 days ago in all

Gold jumped nearly 5 percent last week, its fourth consecutive weekly gain, after the US Federal Reserve pledged to keep interest rates near zero until at least late 2014, which could put pressure on the dollar. "Sentiment seems to have improved quite ... read more
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Gold Slips from Six-Week High

posted by Avatar milkyway 18 days ago in Commodities made popular 18 days ago

"Since US dollar foreign exchange holdings are already at record levels in many countries, we believe these nations will seek to increase gold reserves, in a bid to diversify their USD-laden reserves," he said. "While we do not expect official sector ... read more
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USD/JPY aiming to reclaim recent highs

posted by Avatar milkyway 22 days ago in USD made popular 22 days ago

Ever since, price has corrected lower stalling ahead of 77.00 but the upward momentum has just resumed, with the US Dollar launching now another attack to higher ground. Longs may eye heavy stops reported just above 77.40. "A break above would target ... read more
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Euro in Longest Losing Streak Since 2010 as France Downgraded

posted by Avatar milkyway 28 days ago in EUR, CHF made popular 28 days ago

The European Central Bank held its benchmark interest rate at 1 percent on Jan. 12 after lowering it by half a percentage point since November. ECB President Mario Draghi said he saw signs of stabilization in the economy. The loss by France and Austria ... read more
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USD/JPY Fundamental Analysis January 16 Forecast

posted by Avatar milkyway 29 days ago in USD

A reminder that the US Dollar continues as the world's reserve currency and the recent positive tone in US economic data suggests that the Fed's may be easing away from introducing another round of quantitative easing. USD/JPY was trading at 76.79, ... read more
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Asia Midday Highlights

posted by Avatar milkyway 30 days ago in AUD made popular 30 days ago

Even the release of China CPI could not nudge prices out of their confined ranges, although AUD did dip a tad upon the release to 1.0281. Some banks are still calling for additional RRR cuts going forward before the Chinese New Year. ... read more
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November 2011 Euro area unemployment rate at 10.3% EU27 at 9.8%

posted by Avatar milkyway 34 days ago in EUR made popular 34 days ago

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 10.3% in November 2011, unchanged compared with October4. It was 10.0% in November 2010. The EU271 unemployment rate was 9.8% in November 2011, also unchanged compared with October4. ... read more