New home sales in the US jumped 11.1% to 300,000 annualized units in March, beating market expectations for an increase to 280,000 units. While this represents a solid monthly gain, it follows the slowest pace of sales since recordkeeping began in 1963 at 270,000 annualized units in February (initially reported Read More US New Home [...]
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The rally of commodities, including crude oil that jumped above $113 per barrel price, allowed the Canadian dollar to advance against its US counterpart and to post weekly gains for the third consecutive week. Canada’s currency weakened against the euro.(…)Read the rest of Canada’s Currency Becomes Stronger as Crude Oil Advances (131 words) Posted on Forex News. Read More Canadas Currency Becomes Stronger as [...]
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The Great Britain pound jumped today after the report showed that Britain’s service industry unexpectedly grew in March, supporting the outlook for higher interest rates.(…)Read the rest of Britain’s Service Sector Makes Sterling Stronger (59 words) Posted on Forex News. Read More Britains Service Sector Makes Sterling Stronger
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The South Korean won rose today on the forecast that the influence of the global economic recovery will outweigh the negative impact of the earthquake and the radiation leak in Japan.(…)Read the rest of South Korean Won Becomes Stronger with Better Global Economy (68 words) Posted on Forex News. Read More South Korean Won Becomes Stronger with Better Global Economy
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The New Zealand dollar advanced today after the nation’s traded balance posted a surplus for the first time in eight months as commodity prices continue to advance.(…)Read the rest of Trade Surplus Makes New Zealand Dollar Stronger (104 words) Posted on Forex News. Read More Trade Surplus Makes New Zealand Dollar Stronger
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The US strengthened on the speculation that the solid growth of the US economy will make the Federal Reserve to remove the stimulus and increase the interest rates. 32 Vote(s) Read More Stronger US Economy Brings Dollar Higher
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The Australian dollar rebounded today as the set of good reports was released in China, showing a strong economic growth. The currency previously weakened as the earthquake in Japan diminished demand for higher-yielding currencies.(…)Read the rest of Australia’s Dollar Rebounds on Stronger China’s Economy (130 words) Posted on Forex News. Read More Australias Dollar Rebounds on Stronger Chinas Economy
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The Australian dollar strengthened for the third day against its US counterpart as the commodities rallied, increasing demand for growth-related currencies. The currency declined against the euro and was unchanged versus the Japanese yen.(…)Read the rest of Australian Dollar Rose on Stronger Commodities (103 words) Posted on Forex News. Read More Australian Dollar Rose on Stronger Commodities
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Another strong report from the US today, this time factory orders. The overall reading was better than expected at +0.7%. Forecasts had called for a small slide. In conjunction with the ISM Manufacturing Index for December that we saw yesterday its further proof that manufacturing activity is quite healthy in Read More US Factory Orders [...]
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New home sales rebounded 5.5% to an annualized 290,000 units in November after falling 10.7% to a downwardly revised 275,000 pace (previously was 283,000) in October. Market expectations were for a stronger increase to 300,000. The increase in the pace of sales combined with a 2.0% decline in homes available Read More US New Home [...]
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