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Currencies News
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Germany attempts to speed up EU decision making, side-step UK
Tuesday 21 May 2013
Germany is working on minor changes to European Union (EU) treaties in the hopes of speeding up the decision-making process, while at the same time avoiding an overhaul that might result in the repatr... Read More
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FX round-up: Dollar retreats ahead of Fed minutes
Tuesday 21 May 2013
Recent dollar strength lost momentum on Monday as investors held back ahead of minutes from the Federal Reserve’s last policy meeting due Wednesday. Read More
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US newspaper round-up: Actavis, JPMorgan, Yahoo...
Monday 20 May 2013
Actavis, the New York-listed generic drugmaker, is to buy Warner Chilcott in a stock-swap deal that values the latter at five billion dollars, writes The Wall Street Journal. The deal will be complete... Read More
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EUR/USD: A double-top confirmed
Monday 20 May 2013
The EUR/USD has confirmed a double-top formation following last week’s loss of support at 1.2954, according to technical analysts at Digital Look. Read More
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USD/JPY: As strong as the Nikkei
Monday 20 May 2013
The Japanese yen continues to show weakness versus the other majors, especially the 'greenback.' Read More
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USD/CAD prepares for rally towards year's highs
Monday 20 May 2013
USD/CAD was able to move above the top part of a slightly bearish trading range on Friday. Read More
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Bundesbank President urges France to take deficit seriously
Monday 20 May 2013
Bundesbank President Jens Weidmann has urged France to take deficit reduction 'seriously' as one of the two major Eurozone economies and warned against employing too much flexibility with targets base... Read More
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Italy still stronger than Spain, says Moody's
Monday 20 May 2013
Moody's Investors Service still sustains that Rome's stronger public finances are one of the key reasons for maintaining Italy's 'Baa2' sovereign rating one notch above Spain's 'Baa3'. Read More
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FX round-up: Dollar rises on robust US data
Monday 20 May 2013
The dollar rallied across the board on Friday after data showed a recovery in US consumer sentiment. Read More
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US newspaper round-up: Caterpillar, Bill Gates, Fiat...
Friday 17 May 2013
Industrial machinery maker Caterpillar has cut the cost of its acquisition of a Chinese mining equipment group, meaning that it will take a big write-down following alleged accounting “irregularities”... Read More
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Moody's upgrades Turkey to investment grade rating
Friday 17 May 2013
Moody's Investor Service has decided to upgrade Turkey's credit rating to an investment grade with a 'stable' outlook after the country underwent several reforms to its financial structure. Read More
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France predicts return to growth in second half of 2013
Friday 17 May 2013
Finance Minister Pierre Moscovici believes that growth will return to France in the second half of this year after data on Wednesday showed the French economy slipped into recession during the first q... Read More
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FX round-up: Dollar falls as US data disappoints
Friday 17 May 2013
A barrage of worse-than-expected economic data from the States saw the dollar decline against most of its major counterparts on Thursday. Read More
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US newspaper round-up: Berkshire, Boeing, Hess Corp...
Thursday 16 May 2013
“Proving once again that he's a long-term investor, not a day trader, billionaire investor Warren Buffett's Berkshire Hathaway made few changes to its closely followed $85bn stock portfolio in the fir... Read More
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EUR/GBP: Restructuring to the upside
Thursday 16 May 2013
Technical analysts at Digital Look say that the price chart for the EUR/GBP shows the potential for a rebound. Read More
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EUR/USD: Double-top reversal
Thursday 16 May 2013
The EUR/USD is clearly picking up bearish momentum following the breakout of support at 1.2953, according technical analysts at Digital Look. Read More
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AUD/USD: Moving to last June’s low
Thursday 16 May 2013
The AUD/USD moved through the bottom part of a trading range that goes back several months. Read More
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Japanese economy expands at fastest pace in a year
Thursday 16 May 2013
Japanese gross domestic product (GDP) expanded at the fastest rate in a year during the first quarter of 2013, even though private investment continued to tumble. Read More
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FX round-up: Dollar remains firm despite data
Thursday 16 May 2013
The dollar maintained gains against major currencies on Wednesday, despite weaker than expected US manufacturing and wholesale price data, while the euro was pressured by data showing a larger than ex... Read More
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US newspaper round-up: Dell, Facebook, Apple...
Wednesday 15 May 2013
The Wall Street Journal cites people close to Dell as saying that the computer maker will report profits 'far worse' than analysts’ forecasts for the first quarter though revenues should come in a lit... Read More
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