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Euro hurts exporters in region
The continued weakness of the euro has driven Oriental Weavers, a major Egyptian carpet company, to increase prices and try to renegotiate export contracts set in the European currency.
9 votes
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Dark thoughts drive gold's glittering rise
Gold prices roared to another record high Friday, amid growing fears that the nascent global recovery is sputtering, and a new financial crisis may lie ahead.
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China to allow more exchange rate flexibility
China's central bank promised Saturday to allow more exchange rate flexibility, suggesting a possible break from the Chinese yuan's two-year peg to the U.S. dollar, but it ruled out any large-scale appreciation.
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Oil’s Irreplaceable Role in the Global Energy economy
Back in 2006, George W. Bush declared that the US is “addicted to oil.” Since then, that phrase has been repeated ad nauseum by politicos on both the Left and the Right.
11 votes
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Australian and New Zealand Dollar Currencies Gain
The prices of the Australian and New Zealand dollars increased and reached the highest levels in the last one month. The main reason for the increase was attributed to easing of concerns that European crisis will lead to the derailment of global
8 votes
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Which do you trust. Gold or the Federal Reserve?
Almost everyone thinks that the money they pay in taxes goes to the US Treasury to pay for the expenses of the government.
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Euro gets thumbs-up; cbanker rejects expulsion
Expelling members from the euro zone is no solution to the current crisis, a European central banker said on Friday, as policymakers lined up in a chorus of support for the single currency.
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Binary Options Hedging Strategy Explained
learn more about binary options strategies and Hedging by reading our binary options articel or visit our site for more info.
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Risk FX Rally Rolls On Despite Weak US Jobs Data
US weekly jobless claims unexpectedly rose by 12,000 to a total of 472,000 to reach their highest level in four months. On a more positive note the four week moving average declined slightly to 463K. Nevertheless the jobless claims data suggest t
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German PPI Surprises to the Upside
German Producer Prices for May printed above expectations rising 0.3% versus 0.2% eyed. Excluding energy German PPI rose 0.6% or 1.8% on an annual basis. While price levels remains contained and are still below ECB’s self imposed 2% target, the
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Daily Market Analysis – SNB Takes Hawkish Tone
Binary Options news and analysis ,for more information on Binary options trading visit our site .
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Britain’s Pound Reached Highest Level Since May 13
The Great Britain pound reached today its highest level against the U.S. dollar since May 13th, before falling, as the number of mortgage approvals was higher than forecasted.


