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EUR/USD Lower
Friday, September 18, 2015 - 2:49pm | 96EUR/USD is trading at 1.1351, down 0.0050. The pair is trading soft and near the lows of the session during late U.S. forex trading Friday afternoon. Market chatter about U.S. Federal Reserve monetary policy and global news has kept both buyers and sellers active. Market talk about comments from...
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ECB Asks For Patience
Monday, June 9, 2014 - 8:28am | 377The euro was steady to begin the week after falling to a four month low of $1.35503 on Thursday last week following the European Central Bank’s policy meeting. The common currency traded at $1.3644 as investors took profits from short positions built up in the weeks prior to the meeting...
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Eurozone Growth Looks Patchy In Second Quarter
Wednesday, May 21, 2014 - 7:31am | 356The euro recovered some ground on Wednesday after declining US Treasury yields took the dollar lower. The common currency traded at $1.3707 at 6:20 GMT on Wednesday morning after New York Federal Reserve President William Dudley remarked on Tuesday that the Fed would likely take its time...
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Euro On The Decline After Reports That Bundesbank Is On Board To Ease
Wednesday, May 14, 2014 - 7:18am | 326The euro was under some pressure on Wednesday morning as markets became more certain that the European Central Bank would ease further at its June policy meeting. The common currency traded at $1.3717 at 5:50 GMT after hitting a five week low of $1.3688 overnight. The euro has been on the...
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#PreMarket Primer: Wednesday, May 14: Markets Surprised To Hear Bundesbank Is On Board With ECB Stimulus
Wednesday, May 14, 2014 - 7:02am | 1192Investors were surprised by reports from The Wall Street Journal which claimed that Germany’s Bundesbank is on board for more stimulus measures at the European Central Bank’s June meeting if the region’s financials warrant action. The bank, which has traditionally been at odds with the ECB over...
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More Evidence That Germany's Growth Is Sustainable
Wednesday, August 28, 2013 - 7:20am | 293The euro was hovering just below the $1.34 mark in the early hours of Wednesday as confidence returned to the 17 nation bloc. Positive data has attracted investors back to the eurozone despite looming problems like Italy's current political situation and sky high unemployment figures....
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Benzinga Market Primer: Tuesday, August 20: Bond Yields Continue To Rise
Tuesday, August 20, 2013 - 6:49am | 1619US Stocks slipped for the fourth consecutive day on Monday, but bond yields have continued their climb as investors anticipate the Federal Reserve’s stimulus tapering. Heavy selling has boosted long term bond rates and US 10-year treasury yields have risen to 2.9 percent. Top News In other...
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Benzinga Market Primer: Monday, August 12: Futures Lower After Weak Japan Data
Monday, August 12, 2013 - 6:27am | 998Futures Lower After Weak Japan Data U.S. equity futures traded lower in early pre-market trade following a much weaker than expected GDP report out of Japan. With little data out today in the U.S. and thin trading volumes due to the time of the year, volatile trading could be on tap. Top News In...
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Spain To Present View on the ECB's Role in the Eurozone
Thursday, July 18, 2013 - 7:21am | 331The euro slipped to $1.30 on Thursday morning after US Federal Reserve Chairman Ben Bernanke reiterated the bank's plan to continue with its stimulus plan for the foreseeable future. Although Bernanke was quite vague in his testimony to Congress on Wednesday, he confirmed that the bank hadn't set...
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Benzinga Market Primer: Wednesday, June 26
Wednesday, June 26, 2013 - 6:31am | 1110Futures Rise Into GDP Report As Metals Meltdown U.S. equity futures rose in early pre-market trade ahead of the final look at first quarter GDP. Economist expect that the economy grew 2.4 percent in the quarter with PCE inflation rising 1.1 percent. Top News In other news around the markets:...
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Benzinga Market Primer: Friday, June 7
Friday, June 7, 2013 - 6:43am | 1106Futures Slightly Lower Ahead of Non-Farm Payrolls U.S. equity futures traded slightly lower ahead of the Employment Situation Report early Friday as Japanese shares continued to approach bear market territory. The Nikkei Index briefly traded in bear market territory, meaning the index declined 20...
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Benzinga Market Primer, Friday, December 7: Non-Farm Payrolls Edition
Friday, December 7, 2012 - 7:20am | 804Futures Slip Ahead of Employment Report U.S. equity futures fell in pre-market trading ahead of the monthly Employment Situation Report. In addition, fears over the lack of a budget deal in the U.S. kept fear high and comments from ECB President Mario Draghi indicate the Bank is less open to rate...
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Benzinga Market Primer, Monday September 24
Monday, September 24, 2012 - 8:11am | 730U.S. equity futures fell in early Monday trading as new fears over Europe's latest rescue plan resurfaced. Reports circulated that leaders were considering leveraging the permanent bailout fund (the European Stability Mechanism) to 2 trillion euros from the approximate 700 billion euros of...
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Bundesbank's Weidmann May Quit
Friday, August 31, 2012 - 2:47pm | 283Rumors that Jens Weidmann -- head of Germany's Bundesbank -- would soon be resigning circulated the markets on Friday. In recent weeks, Weidmann has stood as a stark opponent to the more dovish members of Europe's elite, remaining the source of many headlines downplaying further easing actions by...
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Euro Spikes as Rumors of Bond Short-Selling Ban Circulate
Friday, August 10, 2012 - 1:48pm | 273CSI Forex, a market data provider and investigative company, reported Friday that the rapid spike in the EUR/USD was caused by a rumor that European leaders may be about to implement a short selling ban on sovereign debt. Such a ban would effectively cap yields at current levels and potentially...