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Forex: U.S. Dollar Mix On Thin Trading, Euro Holds Tight Range

Posted 10-11-2010 at 11:16 AM by DailyFX

Talking Points

* Japanese Yen: Mixed Against Majors
* Pound: U.K. Banks Raise Borrowing Costs
* Euro: Holds Narrow Range For Third Day
* U.S. Dollar: ECB Trichet, Fed’s Yellen on Tap


The Euro fell back from a high of 1.4006 during the overnight trade to maintain the narrow range from the end of the previous week, and the exchange rate may hold steady throughout the day as the economic docket remains fairly light for Monday. The EUR/USD...
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U.S. Non-Farm Payrolls Declines 95,000 in September

Posted 10-08-2010 at 11:07 AM by DailyFX

U.S. Non-Farm Payrolls Declines 95,000 in September

Nonfarm payrolls in the world’s largest economy fell 95K in September after tumbling 57K the month prior amid economists’ expectations of -5K. At the same time, the unemployment rate remained unchanged at 9.6 percent. The breakdown of the report showed that private payrolls rose less than forecasts, while manufacturing payrolls unexpectedly dropped 6K. Following the dismal report, most major currencies pushed hight against the U.S....
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New Zealand Dollar Holds Near 6-Month Highs Ahead of Rate Decision

Posted 07-28-2010 at 10:06 AM by DailyFX

The New Zealand Dollar has risen nearly 5%, or 350 pips, since the last RBNZ rate decision. With markets widely expecting another rate hike, can the Kiwi repeat the same stellar performance this time around?



Reserve Bank of New Zealand (RBNZ)
Weekly Update


The Reserve Bank of New Zealand is widely expected to raise rates by 25...
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Fed Chairman's Testimony Spooks Markets

Posted 07-22-2010 at 09:51 AM by DailyFX

Cautious language from Federal Reserve Chairman Bernanke sent risk sentiment reeling on Wednesday. While US rate hike expectations continue to deteriorate, markets are pricing in significant monetary tightening elsewhere, with the US Dollar caught between the opposing forces of risk aversion and a lackluster yield profile.



United States Federal...
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