NBC News has reported that President-elect Barack Obama has made his pick for the Treasury Secretary position when the regime change occurs. Filling in...
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Geithner gets the nod at Treasury
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Similar to the U.S., Canada has experienced a sharp decline in the rate of inflation. In October, consumer prices plunged 1.0% M/M the biggest one-month decline since 1959. On a seasonally adjusted basis, the headline number fell by a more modest
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The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely...
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The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder...
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Canadian CPI slowed to a 2.6% pace in October, well below expectations (median 3.2%) following the 3.4% y/y pace in September. The index fell 1.0% compared...
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Mounting growth fears for Europe’s largest economy is expected to weigh on businesses as economists expect the German IFO confidence survey to fall to...
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The Euro rallied more than 200 bps from yesterday’s lows despite a record low PMI reading, as a return of risk appetite sparked bullish price action. The...
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FX Levels for Today November 17, 2008
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The domestic outlook remains extremely weak, but increased global fears and aggressive interest rate cuts will provide a significant degree of Sterling protection. The UK currency was unable to regain the 1.50 level against the dollar on Thursday an
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A German account bought EUR and GBP for the 10:00GMT fix, which lifted EUR-USD to 1.2611 highs and Cable to 1.4986 highs. The amounts were reportedly in...
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The details of the Euro-Zone November manufacturing PMI show that the drop in the overall reading to 36.2 from 41.1 in October, reflects sharp declines...
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