U.S. Dollar rises amid progress in debt ceiling talks

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Source: Reuters
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The U.S. Dollar strengthened against the majority of its most-traded counterparts on Thursday amid signs of progress in the Federal debt ceiling talks between Barack Obama and congressional lawmakers to avoid a technical debt default. The so-called Greenback increased 0.2% versus the Japanese Yen to 97.53 Yen rebounding from the lowest level in 2 months at 96.55.

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Thu, 10 Oct 2013 11:46:07 GMT

Italy's industrial output falls unexpectedly in August

Industrial production in Italy dropped surprisingly in the month of August, a report released by the statistical office Istat revealed on Thursday. The report showed that the country's industrial output fell 0.3% on a sequential basis in August compared to an increase of 0.6% originally expected  following a 1% slip recorded in the previous month.

Thu, 10 Oct 2013 11:13:04 GMT

Treasuries fall as Democrats consider short-term debt limit increase

U.S. Treasuries declined for the third successive day on Thursday amid signs that debates about new debt ceiling in the U.S. may come to an end as Democratic leaders consider a short-term raise in the debt limit in order to avoid technical default. The benchmark 10-year yields dropped 0.02% to 2.69% as of 8:55 a.m. in London after it touched

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