FOREX MARKETS NEWS
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Wed, 23 Jul 2008 20:48:00 GMT
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Weak dollar, foreign sales boost drugmakers
Wed, 23 Jul 2008 20:48:00 GMT
U.K.-based GlaxoSmithKline PLC, which also reported on its second-quarter earnings Wednesday, likewise is targeting emerging markets. Like most of the industry, the companies are trying to stave off growing competition from cheaper generics, which is
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Press Release - RFA > Oil Price, Weak Dollar Drive Rise in Corn Price Says New Purdue University Study
Wed, 23 Jul 2008 20:48:00 GMT
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Weak dollar, surge in foreign sales boost second-quarter results as drugmakers beat forecasts
Wed, 23 Jul 2008 20:46:00 GMT
TRENTON, N.J. (AP) - Profits posted Wednesday by Pfizer Inc. and Wyeth show a common theme among pharmaceutical companies nearly all the growth they're seeing these days is overseas, driven by emerging markets and the weak dollar. U.K.-based
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Weak dollar, surge in foreign sales boost second - quarter results as drugmakers beat forecasts
Wed, 23 Jul 2008 20:43:00 GMT
TRENTON, N.J. (AP) - Profits posted Wednesday by Pfizer Inc. and Wyeth show a common theme among pharmaceutical companies nearly all the growth they're seeing these days is overseas, driven by emerging markets and the weak dollar. U.K.-based
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Mexico's Peso Firms To MXN10.0080, Fails To Break MXN10 Floor
Wed, 23 Jul 2008 20:35:00 GMT
MEXICO CITY (Dow Jones)--Mexico's peso continued to rally Wednesday, but failed to break through a key psychological floor of MXN10.00 to the U.S. dollar. The peso was quoted in Mexico City as closing at MXN10.0080, stronger than MXN10.0610 at the open
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Colombia Peso Gains 1.2% As Risk Aversion Eases, Stocks Up
Wed, 23 Jul 2008 20:35:00 GMT
BOGOTA (Dow Jones)--The Colombian peso Wednesday gained 1.2% compared with the U.S. dollar as local and international investors bought peso-denominated assets following the release of some positive second-quarter earnings in the U.S. The Colombian peso
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Sterling falls against dollar
Wed, 23 Jul 2008 20:35:00 GMT
Sterling fell against the broadly strong dollar after comments from a Federal Reserve official that interest rate rises may be needed before labour and financial markets recover. On Monday sterling had crossed and closed above the psychological level $2
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Dollar hits two week high against euro
Wed, 23 Jul 2008 20:35:00 GMT
Greenback raised the most against the euro Tuesday in more than two weeks as US Treasury Secretary Henry Paulson voiced support for the currency and the Federal Reserve Bank of Philadelphia president said interest rates should be raised. The greenback
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Forex markets to revamp
Wed, 23 Jul 2008 20:35:00 GMT
The major hurdle in front of the local financial markets is over and done with. Now, it is time for business. And now the financial factors should take over the prices. It seems we would have a fairly lower opening in the USD/INR and in all probability
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Rupee hits two month high against dollar
Wed, 23 Jul 2008 20:34:00 GMT
Indian rupee surged to a two month high Wednesday against the dollar thanks to rally in domestic stocks after the UPA government wins trust vote Tuesday. Rupee ended at 42.09/10 per dollar, off a high of 42.0850, its strongest since May 13, but still 1.5
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Rupee hits 7 week high in early trade
Wed, 23 Jul 2008 20:34:00 GMT
Immediately after the end of political uncertainty in which the government emerged victorious, the Indian rupee bounced back Wednesday to hit a seven-week high of 42.30 per dollar in the morning trade. Rupee resumed stronger at 42.49/51 a dollar against
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Weak dollar, foreign sales boost drugmakers
Wed, 23 Jul 2008 20:31:00 GMT
TRENTON, N.J. (AP) -- Profits posted Wednesday by Pfizer Inc. and Wyeth show a common theme among pharmaceutical companies -- nearly all the growth they're seeing these days is overseas, driven by emerging markets and the weak dollar. U.K.-based
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Dog days of US dollar are about to come to an end
Wed, 23 Jul 2008 20:25:00 GMT
Benjamin Scent The long-troubled US dollar has finally reached a turning point. Since peaking in 2001, the world's reserve currency has shed 41 percent of its value against a basket of major currencies. But the US Dollar Index hit a bottom of 71.329 on
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Euro Bullish Opportunity Against 1.5611
Wed, 23 Jul 2008 20:25:00 GMT
has occurred and we expect the EURUSD to form a low before 1.5611 and head higher, possibly to all-time highs. We wrote yesterday that we are longer term bullish against 1.5611 but expect a drop below 1.5783 in order to complete a 2nd wave correction
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DailyFX Analysts Bullish Yen Crosses
Wed, 23 Jul 2008 20:24:00 GMT
7 out of 9 Over the past few trading days, the Japanese Yen crosses have done very well thanks to the rally in the US stock market. Seven out of the nine DailyFX Analysts believe that the yen crosses will continue to move higher. Read on to find out why:
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US Dollar Edges Higher as Federal Reserve's Beige Book Notes Rising Prices
Wed, 23 Jul 2008 20:24:00 GMT
The Federal Reserve's Beige Book report for the month of July supported the hawkish commentary by Philadelphia Fed President Charles Plosser on Tuesday, as all of the twelve Districts said that prices were 'elevated' or 'increasing'. However, this does
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FOREX-Dollar rises on oil drop, housing bill
Wed, 23 Jul 2008 20:21:00 GMT
NEW YORK, July 23 (Reuters) - The dollar rallied to a one-month peak against the yen and a two-week high against the euro on Wednesday, supported by a further drop in oil prices and improved confidence in the U.S. financial sector. Oil prices, which are
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Strong international sales, weak dollar boost PepsiCo 2Q profit as US drinks sales suffer
Wed, 23 Jul 2008 20:14:00 GMT
NEW YORK-American consumers shying away from bottled water and soft drinks hurt PepsiCo's bottom line, but growth in its international and Frito-Lay snack businesses was strong enough to lead the company to a 9 percent rise in second-quarter profit.
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FOREX-Dollar rises on oil drop, housing bill
Wed, 23 Jul 2008 20:14:00 GMT
* Dollar touches 2-week high vs euro, 1-month high vs yen * U.S. housing bill improves confidence in financials (Recasts; adds comments, changes byline) NEW YORK, July 23 (Reuters) - The dollar rallied to a one-month peak against the yen and a two-week
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Philip Morris Intl 2Q profit rises, helped by pricing and weaker dollar; boosts forecast
Wed, 23 Jul 2008 20:12:00 GMT
NEW YORK-Philip Morris International's earnings rose 23 percent in the second quarter, and the cigarette maker said Wednesday its growth has not been hurt by the inflationary pressures affecting many other consumer products companies. 'So far we haven't
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Strong international sales, weak dollar boost PepsiCo 2Q profit as US drinks sales suffer
Wed, 23 Jul 2008 20:10:00 GMT
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Philip Morris Intl 2Q profit rises, helped by pricing and weaker dollar; boosts forecast
Wed, 23 Jul 2008 20:10:00 GMT
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Hong Kong shares close sharply higher on oil, dollar; China Eastern soars UPDATE
Wed, 23 Jul 2008 20:08:00 GMT
HONG KONG (XFN-ASIA) - Share prices closed sharply higher, with the key index back above the 23,000-points level, following a drop in oil prices, gains in the US dollar and better-than-expected results from some US banks. Large-caps HSBC, China Mobile,
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Rupee surges by 65 paise
Wed, 23 Jul 2008 20:08:00 GMT
Our BureauMumbai, July 23 The rupee on Wednesday gained 65 paise against the dollar backed by a host of positive factors. Apart from the government winning the trust vote, the fall in international crude prices and the rally in the domestic equity market
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US dollar extends gains against South African rand
Wed, 23 Jul 2008 19:57:00 GMT
(RTTNews) - The US currency extended European session's uptrend against the South African rand during New York trading on Wednesday. At about 12:25 pm ET, the pair climbed to 7.5686 from early 2-month low of 7.4525. The dollar-rand pair that closed
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Global stocks rally as oil falls, dollar firms
Wed, 23 Jul 2008 19:56:00 GMT
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Gold sinks over 3 percent on oil tumble, dollar rise
Wed, 23 Jul 2008 19:56:00 GMT
NEW YORK/LONDON (Reuters) - Gold dove over 3 percent on Wednesday as the dollar surged and crude oil prices sank, denting the precious metal's alternative investment appeal. Oil prices fell below $125 a barrel, soothing some of the inflation fears that
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Disgruntled shareholders have launched a multibillion-dollar lawsuit against CIBC over the bank's bad loans in the U.S. subprime mortgage market
Wed, 23 Jul 2008 19:50:00 GMT
The group alleges that the Canadian Imperial Bank of Commerce failed to disclose the extent that the bank had loans outstanding to companies in the failing part of the U.S. mortgage sector. 'In the particular, CIBC [said] its total exposure ... was not a
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Pound rises against dollar
Wed, 23 Jul 2008 19:49:00 GMT
What's this LONDON (AFP) - The pound was back near the $2 dollar mark after a hawkish set of minutes to the last rate-setting meeting at the Bank of England. The Monetary Policy Committee was split three ways on the vote -- a majority of seven opting
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