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Dollar Rises, Gold Stays Up

If you had told me late last year that we would soon see both the dollar and gold rally, I would have dismissed you as nuts. But this is exactly what happened after the dollar made a short-term bottom in mid-December. read more »
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Europe Slump Deeper Than Expected

The European economy sank even deeper into recession than the United States in the closing months of last year, according to figures published Friday. read more »
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Ways to Profit from the U.S. Savings Surge

With consumers more tight-fisted, investors may want to avoid issues based on discretionary spending, such as autos and luxury items read more »
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U.S. Retail Sales Probably Fell in January for Seventh Month

Sales at U.S. retailers probably fell in January for a seventh straight month as rising unemployment and falling home prices caused consumers to retrench, economists said before a report today. read more »
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Europe Faces Dire GDP Data, Japan Deflation Looms

Spain reported its worst economic contraction in 15 years on Thursday, heralding the dire data expected tomorrow from Europe's biggest nations, while Japan highlighted the risk of damaging deflation. read more »
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Bank's King says further easing could include buying gilts

Inflation will hit just 0.5 percent in two years as the economy shrinks rapidly over 2009, new Bank of England forecasts showed on Wednesday, opening the way for further interest rate cuts ahead. read more »
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Forex Market News: Oil Rises as U.S Stimulus Package Cleared

Crude oil rose on speculation demand may climb as an economic stimulus package sought by President Barack Obama cleared a procedural hurdle in the U.S. Senate. read more »
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U.S. Economy: Jobless Claims Soar

The number of Americans filing first- time jobless claims reached a 26-year high and companies squeezed more productivity out of their remaining staff, underscoring the deepening deterioration in the labor market. read more »
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Is The Worst Over?

If data and numbers can be trusted, then it is possible that the US recession may have seen its bottom in November-December of last year. A new report released by the Institute of Supply Management suggests that US non-manufacturing sector contracte read more »
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2.7 million may lose jobs in Japan

The Japanese economy will contract by 3.8 per cent in fiscal 2009 from the previous year, which may cause 2.7 million job losses in the yearlong period to December, former Bank of Japan Deputy Gov. Toshiro Muto said Wednesday in Tokyo. read more »
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European Inflation Rate Falls, Unemployment Increases

Europe’s inflation rate fell more than economists forecast to the lowest since the year the euro was introduced and unemployment rose for a fifth month, giving the European Central Bank more scope to cut interest rates further. read more »
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Australians Plan To Cut Spending In H1

Australians plan to cut their discretionary spending by an average 21% in the first six months of the year, a new survey of consumers' shopping intentions conducted by the Australian National Retailers Association or ANRA showed Wednesday. read more »
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Bank of Canada sees 4.8 pct contraction in Q1

The Canadian economy will contract by an exceptionally sharp 4.8 percent in the first quarter of this year and continue to shrink through mid-year, b[...] read more »
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Japan's central bank keeps key rate unchanged

Japan's central bank kept its already super-low interest rate on hold Thursday but sharply downgraded its outlook for the world's second-largest ec[...] read more »
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U.K. Pound Falls as King Signals New Steps to Revive Economy

The pound fell to a record low against the yen for a second day and the weakest since 2001 versus the dollar after the Bank of England said it may st[...] read more »
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