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EZ Events, CAD CPI Data to Force BoC to Neutral
The lack of U.S. economic data has meant a quieter morning in the foreign exchange market. Most of the major currencies, the euro included are trading unchanged or lower against the U.S. dollar. As Eurozone …
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Risk Currencies Quietly Consolidate
Market Drivers Risk remains under pressure after Moody downgrade IFO weaker than forecast but EUR/USD sees little reaction Nikkei down -0.29% Europe -0.79% Oil at $78/bbl Gold at $1568/oz. Asia/Europe Eco Data: JPY Supermarket Sales …
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German IFO Misses But Euro Steady
German IFO survey of business confidence printed lower than forecast at 105.3 versus 105.6 eyed dropping to its lowest level in two years as credit crisis conditions in Europe weighed on corporate sentiment. The latest …
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Kathy CNBC Pressure on EUR 06.21.12
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Dollar: Rising on Weak Data
Daily FX Market Roundup / Asia Preview 06-21-12 By Kathy Lien, Managing Director of FX Strategy for BK Asset Management USD: Rising on Weak Data EUR: German Growth Concerns Overshadow Potential Progress on Economic Union …
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US Data Hardens Case for QE3
A round of weak U.S. economic data triggered a wave of risk aversion in the currency market. The EUR/USD, GBP/USD, and AUD/USD fell steeply after the 10am ET releases. USD/JPY also sold off but not …
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Boris CNBC Trader Talk 06.21.12
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FX Turns Risk Positive after Spanish Auction
Market Drivers Spanish auction shows strong bid/cover interest sparking rally in risk EZ PMI at 35 month low but does not contract further Chinese HSBC PMI does not rebound at 48.1 vs. 48.4 UK Retail …
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Weak Chinese PMI Weighs on Risk
China HSBC PMI data contracted for the eighth month in a row missing expectations of 48.4 as it printed at 48.1. This was a seven month low in the index indicating that so far the …