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USD’s Performance Today Was “Tale of Two Halves”

May 18, 2011 by SteveT   Comments (0)

It was a tale of two halves today with respect to the USD’s performance.  The greenback started the day making gains against against the major currencies following weak US data and declines in both global equity and commodity prices. …

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FOREX-Euro steady but debt worries weigh – Reuters

May 18, 2011 by SteveT   Comments (0)


Reuters
FOREX-Euro steady but debt worries weigh
Reuters
TOKYO, May 18 (Reuters) – The euro was steady against the dollar and the yen on Wednesday after recovering from recent lows, but wariness over sovereign debt problem in Europe made investors nervous about piling up euro positions.
WORLD FOREX: Yen Weakness Persists; CPI Data Boost SterlingWall Street Journal



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forex – Google News

FOREX-Euro steady but debt worries weigh – Reuters is a post from: The Forex Trading System Blog

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Dollar Falls Amid Weak US data

May 18, 2011 by SteveT   Comments (0)

The greenback was weaker against its counterparts with the exception of the Japanese yen as economic data weighed on the outlook for the U.S. economy. U.S. economic data released today disappointed investors as housing and manufacturing data came in below expectations. In the housing market, April building permits declined by

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Australian shares edge lower, resources weak

May 18, 2011 by SteveT   Comments (0)

SYDNEY (MarketWatch) — Australian shares dipped in early trading on Wednesday, with the S&P/ASX 200 index down 0.1% at 4,678.80. Resource firms posted notable losses after a selloff for gold and oil in regular New York trading on Tuesday amid some weaker data on the U.S. economy. Companies moving lower in Sydney trading Wednesday included Extract Resources Ltd. , down 3.3%, and Paladin Energy Ltd. , down 2.2%, while Newcrest Mining Ltd. shares lost 0.3%. Wage data are on tap for Wednesday’s session.

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Markets Fall as Manufacturing Report Fuels Worries

May 18, 2011 by SteveT   Comments (0)

Markets turned lower as investors spooked by weak U.S. economic data ditched assets that have value tied to a robust recovery.

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