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Aussie Falls as German Confidence Data Signals Slowdown

posted by MarcB 170 days ago in EUR, AUD, NZD

The Australian dollar slid for a second day versus its U.S. counterpart as a private report showed deteriorating consumer sentiment in Germany, damping demand for higher-yielding assets.

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Bernanke Signaling No QE Backed by Data

posted by MarcB 170 days ago in USD, Fundamental, Daily made popular 170 days ago

Federal Reserve Chairman Ben S. Bernanke tomorrow may disappoint stock investors betting on a commitment to step up stimulus. He has little choice, given rising consumer prices and a U.S. economy that is still growing.

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Aussie Falls as Global Recovery Concerns Risk Demand

posted by MarcB 171 days ago in AUD, NZD, Fundamental

The Australian and New Zealand dollars declined as concern the global economic recovery is slowing damped demand for higher-yielding assets.

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Japan Debt Rating Cut to Aa3 by Moody’s

posted by MarcB 171 days ago in JPY, Fundamental, Daily made popular 171 days ago

Japan’s debt rating was lowered by Moody’s Investors Service, which cited “weak” prospects for economic growth that will make it difficult for the government to rein in the world’s largest public debt burden.

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Euro Falls Versus Dollar Before German Confidence Data

posted by MarcB 171 days ago in USD, EUR, JPY made popular 171 days ago

The euro retreated from a one-week high against the dollar before a report economists said will show German business confidence fell to the worst in a year, adding to signs Europe will struggle to contain its debt crisis.

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Short EUR/USD at Weekly Low

posted by MarcB 192 days ago in USD, EUR, Technical made popular 192 days ago

The Euro-Dollar pair continues to head south following the Greek bailout, as uncertainty over the Euro-zone’s ability to save its potentially insolvent members has come into question.

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China Rating Agency Downgrades US Debt

posted by MarcB 192 days ago in USD, Fundamental, Sentiment

China's Dagong Global Credit Rating has cut its credit rating on U.S. sovereign debt to A from A+, Chen Jialin, general manager of the international department at the firm confirmed to CNBC on Wednesday.

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Pound Drops, 10-Year Gilt Yield Falls to Record

posted by MarcB 192 days ago in GBP, Fundamental, Manufacturing made popular 192 days ago

The pound fell to the lowest level in almost two weeks against the dollar and gilt yields slid to a record after data showed U.K. construction weakened amid mounting concern U.S. spending cuts may stifle global growth.

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Swiss Franc Roars as Markets Dump Risk

posted by MarcB 192 days ago in CHF, AUD, Fundamental made popular 192 days ago

The Swiss franc held hefty gains in Asia on Wednesday, having rocketed to record highs as investors scrambled for a safe haven on renewed tensions in the euro zone debt market and worries about a global slowdown.

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Moody's, Fitch maintain U.S. triple-A rating

posted by MarcB 192 days ago in USD, Fundamental, Sentiment made popular 192 days ago

The United States had its triple-A rating confirmed by two key ratings agencies on Tuesday after Washington struck a last-minute deal to avoid a debt default, but threats of future downgrades remain.

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Obama Signs Debt Plan to Avoid Default

posted by MarcB 192 days ago in USD, Fundamental, GDP made popular 192 days ago

President Barack Obama signed a debt- limit compromise that prevents a U.S. default on the day the Treasury had warned the nation’s borrowing authority would expire, ending a months-long debate that reinforced partisan divisions over federal spen

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U.S. GDP: Another Thorn in the Greenback's Side

posted by EJSuratos 193 days ago in USD, GDP, Employment made popular 192 days ago

Last Friday, the market was treated disappointing news from the U.S. in the form of the Advanced GDP report. According to the data, the U.S. grew only 1.3% during the second quarter of this year, significantly below the 1.7% increase initially ex

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