SAN FRANCISCO (MarketWatch) -- Oil futuresclosed higher Wednesday after the Energy Information Administration reported a smaller-than-expected weekly climb in U.S. crude supplies. December crude CLZ3 -0.01% rose $1.43, or 1.5%, to settle at $94.80 a barrel on the New York Mercantile Exchange. That was the largest single-session gain since Oct. 2, according to FactSet data, tracking the...
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Dollar under pressure; euro rises ahead of ECB
NEW YORK (MarketWatch) — The U.S. dollar fell Wednesday as investors focused on research suggesting that the Federal Reserve lower its 6.5% unemployment-rate threshold for raising short-term interest rates, which would effectively keep those rates near zero for longer than currently expected.
Australian Dollar Tumbled After Disappointing Jobs Data
- 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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