Financial Transaction Tax Proposal Back in Play in Europe
France and Germany led a group of countries on Tuesday in pushing for a tax on financial trading alt...
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OECD Joins UK Housing Bubble Chorus
Britain should take action over soaring house prices, perhaps by scaling back the government’s...
UK Service Sector Rises Reaffirms Recovery Trend
Britain’s services sector enjoyed a rise in activity last month and hired more staff to cope w...
Eurozone Business Activity Reaches Three Year High
Business activity in the euro zone hit a three-year high as new orders and backlogs of work are risi...
Italy Plans To Reduce Public Debt By Privatization
Italian state-owned shipbuilder Fincantieri will apply to list in Milan as early as Tuesday, firing ...
GBP/USD – Services PMI Propels Pound Close to 1.70
It’s been a rough-and-tumble day for the US dollar, which has suffered sharp losses at the h...
European Commission Warns Growth At Risk of Russian Energy Tension
Growing tensions with Russia could hit growth in Europe this year and next, warned the European Comm...
Group of Seven Agree to Find Alternative to Russian Energy
The Group of Seven nations agreed to find new sources of energy to prevent Russia from using its oil...
Nomura Says Chinese Housing Bubble Has Burst
Economists at Nomura have made their call: China’s property bubble has burst, they say, and th...
OECD Cuts Global Growth Forecast to 3.4 Percent
The global economy will grow by less than expected this year as growth in developing economies slows...
US Exports Rise in March Reduce Trade Deficit
The US trade deficit fell in March, as exports surged to the second highest level on record. The Dep...
USD/CAD – Improving Canadian Dollar Shrugs Off Weak Canadian Data
USD/CAD has posted losses on Tuesday, as the Canadian dollar takes advantage of broad weakness from ...
AUD/USD – Aussie Climbs As RBA Maintains Rate
AUD/USD has posted strong gains on Tuesday, as the pair has climbed to the mid-0.93 range. The Aus...
USD/JPY – Yen Hits Three-Week Highs Against Struggling Dollar
USD/JPY is in the high-101 range on Tuesday, its lowest level since mid-April. On the release front,...
Gold Remains Above $1300 On Ukraine Worries
Gold prices are flat on Tuesday, as gold remains above the $1300 level. In the European session, ...
EUR and GBP Moves Wait for ECB and BoE
The mighty dollar slid in early European trading, pushing the pound to its highest level in three ye...
EUR/USD – Euro Improves On Spanish and Eurozone Data
EUR/USD has posted gains on Tuesday, as the pair has pushed above the 1.39 line in the European ses...
EURUSD rallies to 1.3910, AUDUSD edges up to 0.9300, GBPUSD rallies to 1.6925, USDJPY at 102.05, gold at 1312
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AUD/USD at 0.9290 after RBA
Australia’s dollar matched a two-week high after the Reserve Bank left the benchmark rate unchange...
AUD/USD at 0.9280 after RBA Leaves Rate Steady
The Reserve Bank of Australia (RBA) on Tuesday left interest rates unchanged at a record low of 2.5 ...