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AUD, NZD Set for 2nd Weekly Loss on Bank Concern

posted by jasumine 1192 days ago in AUD, NZD

The Australian and New Zealand dollars headed for a second weekly drop against the U.S. currency as concern over banks’ vulnerability to worsening eastern European economies pushed down higher-yielding assets.

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US Dollar Climbs To 10-Week High Versus Swiss franc

posted by megumi 1192 days ago in USD, CHF

Extending Friday's Asian session up trend, the US dollar climbed to a 10-week high against its Swiss counterpart. The dollar climbed against the euro but pared the early gains against its UK counterpart. Meanwhile, the dollar remained down agains

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Sterling down on European econ woes; UK retail sales eyed

posted by camac 1192 days ago in EUR, GBP made popular 1192 days ago

Sterling fell against the dollar on Friday as deepening concerns over the health of banks in Europe and the pace of economic decline prompted dealers to shun European currencies in favour of the dollar and yen.

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Japan’s Economy to Shrink at Record Pace in 2009

posted by neorix 1192 days ago in JPY made popular 1192 days ago

The world’s second-largest economy will shrink 4 percent in the year starting April 1, faster than this year’s projected decline of 2.9 percent, according to the median estimate of 15 economists surveyed. Both those forecasts surpass fiscal 1998’

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Europe Services, Manufacturing Shrink at Record Pace

posted by keiragabe 1192 days ago in EUR, Fundamental, Manufacturing made popular 1192 days ago

Europe’s manufacturing and service industries unexpectedly contracted at a record pace as consumers held back on spending and companies postponed investments in the face of the worst recession in more than six decades.

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Dollar, yen rise as economy, bank woes hit stocks

posted by Sylvanna 1192 days ago in USD, JPY made popular 1192 days ago

The dollar and the yen rose on Friday as worries about the financial sector and the global economy knocked Asian stocks down, prompting investors to shun higher-yielding currencies perceived as riskier.

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Retail sales rise unexpectedly in January

posted by LadyGodiva 1192 days ago in GBP, Retail Sales made popular 1192 days ago

Retail sales unexpectedly rose in January as shoppers took advantage of aggressive price cuts to stock up on new clothes, books and CDs in the post-Christmas sales, official data showed on Friday.

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Daily Forex Commentary February 20

posted by chloegurl 1192 days ago in Fundamental, Daily made popular 1192 days ago

The Australian Dollar opens higher today at 0.6430 after a busy 24-hour session which saw a low of 0.6359 during local trade and a high in New York around the US65 cent mark. The Aussie has been following the fortunes of the Euro lately and when

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Yen edges up after fall but economy worries weigh

posted by babyblue 1192 days ago in JPY made popular 1192 days ago

The yen edged up on Friday but stayed in sight of a six-week low against the dollar and a one-month trough versus the euro as investors fretted about Japan's economy.

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Japan steps up efforts to tackle recession

posted by post-it 1192 days ago in JPY, Fundamental, GDP made popular 1192 days ago

Facing the worst recession in decades, Japan's central bank announced Thursday plans to spend more than 10 billion dollars buying corporate bonds to tackle a credit crunch in Asia's largest economy.

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BOE’s Gieve Sees Risk of Decade-Long Depression Like Japan

posted by scorpio 1192 days ago in EUR, Fundamental made popular 1192 days ago

Bank of England Deputy Governor John Gieve said policy makers are fighting to protect Britain from the threat of a decade-long depression similar to that suffered by Japan in the 1990s.

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Yen edges up vs US dollar, but econ worries weigh

posted by strawberry 1192 days ago in USD, EUR, JPY made popular 1192 days ago

The yen edged up on Friday but stayed in sight of a six-week low against the dollar and a one-month trough versus the euro as investors fretted about the country's fast-deteriorating economy.

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