2-Year interest rate swaps showing the largest one-day drop (15 bps.) in two months... a sign of risk-willingness. Our Global Top100 CDS Price Index is edging lower. Now at 123 bps., but still very elevated. The White House is still undecided wrt. forex news :: view details »

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The German PPI was released at -1.5% for the month of November, deviating from the market’s expectations of -1.0%. However, the year-over-year read still stands at 5.3%. The largest upward pressure came from energy products in the prior months, but forex news :: view details »

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The US Dollar consolidated gains against the Euro in overnight trading, with EURUSD contained in a tight range after a sharp selloff brought prices down to 1.42 having tested above 1.47. The Bank of Japan cut interest rates by 20 basis points to put forex news :: view details »

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U.S. equity markets were mixed on Thursday morning as crude oil futures slid below $40 per barrel and the dollar gained against most major currencies as the commodity fell. Earlier economic reports showed that new claims for unemployment remained ne forex news :: view details »

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Retail sales in October fell 0.9%, in line with market expectations, offsetting September's gain. The decline in nominal sales reflects a sizeable fall in gasoline prices and large discounts offered by retailers in other areas to encourage spending. forex news :: view details »

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In a liquidity starved session, the EUR/USD skyrocketed past the 1.4700 barrier in early European trade as momentum players ignored the worst IFO reading since 1982 and sent the unit flying after it tripped stops at the 1.4500 barrier. The breath ta forex news :: view details »

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In the week ending Dec. 13, 554,000 new claims for unemployment benefits, a decrease of 21,000 from the previous week's revised figure of 575,000. The 4-week moving average of initial claims was 543,750. The four-week average of new claims has now r forex news :: view details »

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Swiss retail sales are up from one year earlier in October. The release number of 2.9% is higher than market expectations of 1.9%. Over the last few months, retail sales had risen strongly and it seems this trend will continue, despite the fatigue s forex news :: view details »

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The Dollar-Yen pair meanwhile hit a fresh 13-year low at 87.12 which puts the Dollar about 21% down on the year vs. the Yen. Japan's Prime Minister Nakagawa said the government is ready to step in and intervene in the currency markets in order to he forex news :: view details »

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The dollar declined against its rivals on Wednesday following yesterday's historic Fed monetary easing decision. The euro had another huge gain and the yen rose to a 13-year high against the greenback. However, the repatriation flow and carry-trade forex news :: view details »

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The U.S. current account gap narrowed almost 4% last quarter but at $174.1 billion still equaled a pretty sizable 4.8% of GDP. That ratio has hovered between 4.8% and 5.1% over the past year. The table below compares funding of this deficit during 3 forex news :: view details »

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Traders continued to punish the greenback following yesterday's unprecedented rate cut by the FOMC to lower its key interest rate to a target range of 0 to 0.25%. The dollar plunged to a fresh 13-year low against the yen at 87.16 and a new two-month forex news :: view details »

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