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USD Rises to 2½ Month Peak on Rise in Consumer Confidence

posted by orpphil 543 days ago in USD, EUR, Consumer made popular 543 days ago

The U.S. Dollar rose to a 2½ month peak against the Euro in New York trading today, as persistent worries about sovereign debt in the Eurozone put pressure on the common currency.

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GBP/USD pares gains after flurry of mixed U.S. data

posted by orpphil 549 days ago in USD, GBP, Fundamental

The pound pared gains against the U.S. dollar on Wednesday, retreating from the daily high following the release of a flurry of mixed U.S. economic data.

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Dollar Falls as Weaker U.S. Data Reinforce Fed's Plan

posted by orpphil 556 days ago in USD, EUR, Fundamental made popular 556 days ago

The dollar fell versus the euro as weaker-than-forecast U.S. economic data reinforced speculation the Federal Reserve will follow through on its plan to buy $600 billion in government debt, debasing the currency.

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Loonie follows global markets lower

posted by orpphil 557 days ago in CAD, Fundamental made popular 557 days ago

The Canadian dollar shed more than a cent over the noon hour Tuesday, changing hands at 97.74 cents US, down 1.38 of a cent, as traders bought U.S. dollars in order to move into the perceived safety of American government debt.

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U.S. Retail Sales Beat Expectations

posted by orpphil 558 days ago in USD, Fundamental, Retail Sales

U.S. retail sales climb more than the expected 0.7% by gaining 1.2% in October -- the fastest rise in 7 months. Excluding auto and gas sales, the rise was 0.4%, slightly better than the 0.2% expected.

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Why the Fed bond-buying plan is raising trade tensions

posted by orpphil 562 days ago in USD, Fundamental, Inflation made popular 562 days ago

The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.

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Crude ends up a 6th day as upside trend holds

posted by orpphil 565 days ago in Oil made popular 565 days ago

U.S. crude oil futures ended at a fresh two-year high on Monday, gaining for the sixth consecutive session, as upside momentum that lifted oil prices more than 6 percent last week continued, analysts said.

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Mixed blessings from high Aussie dollar: Gillard

posted by orpphil 570 days ago in AUD, Fundamental made popular 570 days ago

The Australian dollar's sustained level above parity with the US currency is a mixed blessing for the economy, Prime Minister Julia Gillard says.

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Aussie Dollar's bad for business

posted by orpphil 574 days ago in AUD, Fundamental

The high dollar has two negative effects for tourism operators: it makes Australia a more expensive destination for foreign visitors, and it drives local customers overseas, where they have more spending power.

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USD/JPY picking up after jobless claims data

posted by orpphil 583 days ago in USD, JPY, Employment

The Dollar is picking up from session low levels right below 81.00, reaching 81.20 area, favored by slightly better then expected US jobless claims figures.

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AUD Gains Amid Speculation Fed to Buy More Bonds

posted by orpphil 594 days ago in USD, AUD, Fundamental made popular 594 days ago

The Australian dollar rose toward the highest level since it began trading freely in 1983 amid speculation Federal Reserve officials will reiterate the need to expand stimulus, boosting demand for higher-yielding assets.

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USD plunges to 81 yen level in NY for 1st time in over 15yrs

posted by orpphil 596 days ago in USD, JPY, Fundamental made popular 594 days ago

The dollar plunged to the 81 yen level for the first time in more than 15 years in New York on Friday as investors ditched the U.S. currency on the release of worse-than-expected U.S. jobs market data.

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