- RBA will continue to state that the Australian dollar is overvalued?
- Australia Employment Change came in at 1.1K VS. 10.0K expected
- AUDUSD tumbled from 0.9516 to as low as 0.9465
As one of the more regular market-moving indicators for the Australian dollar, it was little surprise that the currency stumbled after the release of...
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Germany, Britain shine but Europe’s recovery still fragile
(Reuters) - The euro zone's economic recovery lost a little momentum last month, according to surveys that showed only modest growth in German and French businesses.
Data from non-euro zone Britain impressed again, however, and German industrial orders jumped underlining the uneven nature of overall European recovery.
Wednesday's purchasing managers' indexes (PMIs)...
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Gold futures extend losses as dollar rises
Gold futures extend losses on Friday, as the U.S. dollar rallies against the euro on speculation that low euro-zone inflation may prompt the European Central Bank to lower interest rates.
NEW YORK (MarketWatch) — Gold futures extended losses on Friday, as the U.S. dollar rallied against the euro on speculation that low euro-zone inflation may prompt...
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Goodbye, $100 oil. Hello, $3 gasoline!
U.S. weekly crude supplies have jumped nearly 8% since mid-September, according to figures from the Energy Information Administration.
At 383.9 million barrels as of the week ended Oct. 25, they’re less than 14 million barrels below the highest level recorded by the EIA. Supplies were at 397.6 million barrels for the...
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