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Australian Dollar falls as China slows down
Tue, 22 Jul 2014 11:23:12 GMT
 
The Aussie depreciated against 30 out of 31 main counterparts following concerns raised by a cooling housing market in China. The Australian Dollar dropped 0.2% to 93.73 U.S. cents following 1.3% increase in June, >>
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Zinc reaches 35-month high
Tue, 22 Jul 2014 11:12:08 GMT
 
Zinc rose to its highest level since 2011, as decreasing inventory and higher consumption created speculation the demand will exceed supply. Zinc went up 1% for three month futures to >>
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Dollar gauge near one-month high
Tue, 22 Jul 2014 11:01:13 GMT
 
The gauge for the Dollar was within 0.1% from the month's highest point, as a rise in U.S. treasury yields created speculation that the Fed will increase interest rates. Ray >>
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Micex loses $28 billion during worldwide bull market
Tue, 22 Jul 2014 10:45:10 GMT
 
With continued involvement in Ukraine the Russian financial markets are taking a beating. Since the late February intervention in Crimea Micex has lost around $28 billion in value, which is >>
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RBA pleased with interest rate setting
Tue, 22 Jul 2014 10:34:04 GMT
 
Reserve Bank of Australia Governor Glenn Stevens expressed his satisfaction with the present monetary policy regulation and is prepared to take more actions if needed. The Aussie jumped 5.2% this year reaching almost eight-month >>
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Yen and Swiss Franc strengthened by unstable stocks
Tue, 22 Jul 2014 05:13:09 GMT
 
As European stocks fell, traders rushed for safe-haven currencies, resulting in rises in both Swiss Franc and Japanese Yen. Still, trading volume was light due to Japan's holiday. During the >>
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Currency-swap agreement between Switzerland and China
Mon, 21 Jul 2014 14:30:11 GMT
 
This Monday, Switzerland and China agreed on a deal that allows either central bank (Swiss National Bank and People's Bank of China) to trade their currencies, limited to 150bn Yuan, >>
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Credit Suisse fined, incurs biggest loss since 2008
Mon, 21 Jul 2014 13:00:12 GMT
 
Credit Suisse Group AG is prepared to announce its largest quarterly loss since the breakdown of the Lehman Brothers Holding Inc. following a fine of $2.6 billion for assisting american customers to avoid payments. >>
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Aussie rises during Asian session
Mon, 21 Jul 2014 12:31:09 GMT
 
As of earlier this day, the Aussie advanced versus the Dollar by 0.05%. Throughout the Asian session, uncertainties regarding the recovery in the Euro zone caused the shared currency to >>
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Angela Merkel receives double budget in June
Mon, 21 Jul 2014 12:20:03 GMT
 
German Chancellor's budget doubled in June following an increase in the federal tax revenue and a decrease in the expenses of servicing debt. The federal tax revenue climbed 10.9% in >>
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Spain has year of recovery from exports
Mon, 21 Jul 2014 12:09:09 GMT
 
Mariano Rajoy's duties on Spain's economy may not yet be complete as Spain expects to enter a second year of recovery. The nation's economy still depends on adjusted exports from the debt crisis >>
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European stocks drop
Mon, 21 Jul 2014 11:58:09 GMT
 
European stocks went down as investors weighed financial reports and global tensions of the Malaysian passenger jet and the Gaza-Israel conflict. The Stoxx Europe 600 Index dropped 0.3% to 338.61, >>
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UK GDP growth forecast
Mon, 21 Jul 2014 11:47:08 GMT
 
It is expected that Britain's GDP (not considering GDP per capita) recovers from the loss which occurred during the financial crisis. Growth was forecast at 0.8%. However, there is not >>
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Corn reaches a four-year low
Mon, 21 Jul 2014 11:36:10 GMT
 
Corn fell to the lowest level over the last four years as global supplies are increasing. Deliveries for August went down 1.4%, reaching $3.7325 a bushel, the lowest since July >>
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U.K. economy recovering after seven years of hardship
Mon, 21 Jul 2014 11:25:11 GMT
 
British economy may be on its way to recovery as the economic indicators rose for the sixth consecutive quarter returning GDP to the levels experienced prior to the financial crisis. The gross domestic >>
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