Currencies News

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  Technical Analysis: Sterling continues to drift lower

  Friday 03 Jul 2009

  Sterling has so far managed to hold onto the gains it has made over the past few weeks; despite Tuesday's awful GDP figures, and is currently treading water in a 200 point range on its trade weight... Read More

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  Eurozone retail sales figures disappoint

  Friday 03 Jul 2009

  Eurozone retail sales dropped a worse than expected 0.4% month-on-month in May, official figures showed Friday. Read More

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  FX round-up: Dollar rises on jobs data

  Friday 03 Jul 2009

  Dollar gained against the euro as the US jobless figures dropped larger-than-expected, which raised concerns about the currency. Read More

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  California in financial turmoil

  Thursday 02 Jul 2009

  Governor of California Arnold Schwarzenegger has declared a fiscal emergency in the US state, which faces a budget deficit of $24.3bn. Read More

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  US jobless number soars

  Thursday 02 Jul 2009

  US employers axed more jobs than economists thought they would during June, taking the unemployment rate up to a 26-year high. Read More

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  ECB leaves interest rates unchanged

  Thursday 02 Jul 2009

  There weren’t any surprises at the European Central Bank’s meeting in Luxembourg today as interest rates were left unchanged at 1%. Read More

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  FX round-up: Jobs data knocks dollar

  Thursday 02 Jul 2009

  The dollar headed south on the back of some disappointing unemployment data. Payroll processing firm ADP Employment Services reported that US companies pitched 473,000 workers on to the dole queue ... Read More

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  US mortgage applications fall sharply

  Wednesday 01 Jul 2009

  Mortgage applications tumbled to their lowest in seven months last week following a hike in the cost of borrowing. Read More

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  FX round-up: Dollar rises from earlier lows

  Wednesday 01 Jul 2009

  The dollar rose against other currencies as lower consumer confidence figures promoted investors to rush to the safety of the currency. Read More

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  Technical Analysis: Sterling slams into reverse

  Tuesday 30 Jun 2009

  Sterling’s progress came to a shuddering halt Tuesday morning after Q1 GDP came in worse than expected at -2.4%. Read More

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  Irish economy slumps at record rate

  Tuesday 30 Jun 2009

  Ireland's economy shrank at an unprecedented pace in the first three months of 2009, as capital spending collapsed and consumer spending tumbled. Read More

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  Eurozone inflation turns negative

  Tuesday 30 Jun 2009

  Eurozone annual inflation has turned negative for the first time in June, official data showed Tuesday. Read More

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  FX round-up: Dollar mixed a risk appetite returns

  Tuesday 30 Jun 2009

  The dollar traded mixed against major currencies on Monday, rising against the yen and falling against the euro as appetite for riskier trades picked up. Read More

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  Technical Analysis: S&P continues to frustrate

  Monday 29 Jun 2009

  US Stock markets continue to defy the pessimists as they struggle to break lower. The continued lack of downside follow-through continues to give the bears pause for thought. Read More

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  FX round-up: Dollar continues to lose steam

  Monday 29 Jun 2009

  The dollar continued to lose steam against major currencies on Friday, after a better than expected report on US income and as positive sentiment sparked appetite for riskier trades. Read More

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  Inflation plunge threatens Japan's recovery

  Friday 26 Jun 2009

  Fears are growing that Japan is about to sink into deflation again following a record fall in prices last month. Read More

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  FX round-up: Euro on the rise

  Friday 26 Jun 2009

  After a bright start the US dollar surrendered most of its gains against major currencies in the wake of strong demand in the $27bn auction of seven-year Treasury notes, which prompted a decline in... Read More

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  FX round-up: Dollar rises after Fed comments

  Thursday 25 Jun 2009

  The dollar rallied against other major currencies on the back of comments from the Fed. Read More

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  Japan exports keep sliding

  Wednesday 24 Jun 2009

  Japanese exports continued declining in May as the global economic downturn continued hitting demand for the east Asian country’s electronic products and cars. Read More

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  FX round-up: Dollar loses support ahead of Fed statement

  Wednesday 24 Jun 2009

  The dollar fell sharply against major currencies on Tuesday as investors await the outcome of Federal Reserve’s two-day meeting. Read More