Tag Archives: forex news

Sterling underperforms, Yen rebounds from 2-1/2 year low versus USD

Currency pairs were mostly in consolidation due to limited news flow on Monday. Major currencies that rallied sharply last week took a breather today and pulled back for correction and profit-taking opportunities. This was particularly the case for the yen which managed to bounce off a 2-1/2 year low against the dollar. Also the euro moved off an 11-monht high versus the dollar. Euro drifted...

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January 28, 2013 @ 1:45 pm

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New home sales in the US fall in October

A report from the US Department of Commerce showed that the number of new home sales in the United States fell to an annual pace of 368,000 in October, which was well below economists’ forecasts for a slight rise of 390,000. Adding to disappointment was a revision downwards to the September sales figure from 389,000 to 369,000. With the revisions, the upward trend in new home sales now...

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November 28, 2012 @ 9:10 pm

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New home sales in the US fall in October

A report from the US Department of Commerce showed that the number of new home sales in the United States fell to an annual pace of 368,000 in October, which was well below economists’ forecasts for a slight rise of 390,000. Adding to disappointment was a revision downwards to the September sales figure from 389,000 to 369,000. With the revisions, the upward trend in new home sales now...

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November 28, 2012 @ 9:10 pm

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Dollar gains after US durable goods orders rise and jobless claims drop

Dollar jumped against the yen immediately after US economic data showed orders for durable goods beat forecasts and increased in September. According to a report released on Thursday by the US Department of Commerce, the number of durable goods orders ticked up by 9.9 percent, which was much more than economists had forecast for a 7.1 percent rise. A breakdown of the data showed that a...

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October 25, 2012 @ 1:48 pm

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