The Euro near 2-week low, as markets focus on upcoming Spanish budget

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Source: Reuters

On Thursday, the Euro was traded near a 2-week low versus the U.S. Dollar, as traders awaited a draft of the Spanish budget, which can possibly provide an insight into whether Spain will seek a bailout. The 17-nation currency was traded close to $1.2862, which was just above a 2-week low. Earlier, it hit a session high of $1.2900, and a session low of $1.2846.

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Thu, 27 Sep 2012 16:24:28 GMT

Orders for durable goods in the U.S. sank by 13.2% in August

The U.S. Census Bureau reported on Thursday that the number of orders for durable goods, which are goods that have a lifespan of more than 3 years, plunged in August. Durable goods orders fell by 13.2% on a seasonally adjusted basis, compared to an increase of 3.3% in the preceding month. Analysts, however, expected that August's reading would be minus 5.0%.

Thu, 27 Sep 2012 15:51:29 GMT

Copper retreats from a 2-week low amid China stimulus hopes

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