September 2009
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Japanese Tankan report comes in as expected with the big manufacturing index at -33 Japan's August retail sales -1.8%, or +1% MoM, which was better than expected China's PMI 54.3 in September Japan's big manufacturers see USD/JPY averaging 94.50 for FY 2009/2010 Chinese financial markets closed Oct 1-8 Gold steady after big gain overnight, Nikkei falls 1.5% Central Bank of Korea intervening in ...
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The US dollar and Swiss franc were top movers for the day; but why did their respective moves seem to contradict the economic data?
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What do you think of Andrew's analysis and videos? Send your comments to jkicklighter@dailyfx.com. ©2009 DailyFX. All Rights Reserved.
Written by admin on September 30th, 2009 with no comments.
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What do you think of Andrew's analysis and videos? Send your comments to jkicklighter@dailyfx.com.
Written by admin on September 30th, 2009 with no comments.
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* EU's Almunia comments weigh on euro
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* EU's Almunia comments weigh on euro * Trichet's remarks further support Almunia's * U.S. jobless claims increase, personal spending rises * Dollar up as ISM manufacturing index below forecast By Leah Schnurr NEW YORK, Oct 1 - The U.S. dollar advanced against the euro on Thursday as weak jobs and manufacturing data brightened the greenback's safe-haven appeal, while a top European official's ...
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NEW YORK (Dow Jones)--The euro gained against the dollar Wednesday, shaking off disappointing U.S. economic data and sagging equities.
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RIO DE JANEIRO (Dow Jones)--Brazil posted net foreign exchange inflows in the Sept. 1-25 period as investments coming into Brazil offset a continued weak foreign-trade balance, the Brazilian Central Bank said Wednesday.
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* GDP data, ADP report show economy still improving
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Recent forex correlations suggest that the US Dollar and Japanese Yen have lost much of their link with global risk sentiment, and indeed the short-term correlation between the USDJPY and S&P 500 trades near multi-year lows.
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