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FOREX-Dollar hits 8-month low vs yen on U.S. worries (at Reuters)
* Yen rises on Japanese exporters month-end bids * Euro off 12-week high but supported by dollar weakness By Hideyuki Sano
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Japan shares end down as yen s rise hits exporters (at MarketWatch)
Japanese shares ended lower for a second straight day on Friday as exporters were broadly hurt by a stronger yen and as Nintendo Co. dropped after posting a quarterly loss. The Nikkei Stock Average closed 1.6% lower at 9,537.30 and the broader Topix
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Honda changes dollar assumption to Y87 from Y90 (at Reuters)
Honda Motor Co said on Friday it now expects the dollar to average 87 yen and the euro 112 yen in the business year to March 2011, changing its assumptions from 90 yen and 120 yen, respectively.
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Forex & Commodities: Dollar-Yen Slips to 8-Month Low (at CNBC)
Worries about the U.S. economic recovery kept investors cautious and dragged on equities and growth-linked currencies on Friday.
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FOREX-Dollar on defensive, eyes on U.S. GDP (at Reuters)
The dollar eked out small gains against the euro in early trade on Friday, but remained on the defensive near a three-month low against a basket of currencies on concerns U.S. growth may be disappointingly weak.
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CANADA FX DEBT-C$ tracks oil, Toronto stocks higher (at Reuters)
* C$ edges up to 96.51 U.S. cents * Bond prices float higher * Next up: May GDP in Canada, Q2 GDP in U.S.
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Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook (DailyFX)
• Dollar Struggles Ahead of 2Q GDP – Fed Maintains Dovish Outlook • Euro Rallies as Economic Confidence Tops forecast, German Unemployment Declines • British Pound Continues to Trend Higher Ahead of GfK Consumer Confidence Survey • Australi
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U.S. Dollar Forecast To Fall Further Against Euro, British Pound, and Japanese Yen (DailyFX)
EURUSD – Euro Forecast to Gain Versus U.S. Dollar GBPUSD – British Pound Turnaround May Be on the Horizon USDJPY – Japanese Yen Positioning Remains USDCHF – Swiss Franc May Continue to Strengthen against Dollar USDCAD – Canadian Dollar Fore
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EUR/USD: Trading the Advanced U.S. 2Q GDP Report (DailyFX)
As the world’s largest economy is expected to expand at a slower pace in the second-quarter of 2010, the advanced GDP report could spur further weakness in the U.S. dollar and lead the central bank to hold a loose policy stance throughout the secon
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British Pound Pressing against Resistance Line (DailyFX)
The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce.
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