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US employment report a green light for Fed rate hikeUS employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month. More… |
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Oil in biggest weekly drop since January on dollarCrude oil prices closed down on Friday, with benchmark Brent losing its most in a week since January, as a resurgent dollar and fear of a US rate hike diverted attention from the shrinking number of rigs drilling for oil in the United States. More… |
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Euro hovers near 1-month high, stocks weakenThe euro hovered near a one-month high against the dollar on Monday, boosted by prospects of an ECB rate hike and a fresh Greek bailout deal, while concerns about the US economy sent stocks tumbling. On government debt markets, growth wor More… |
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China surprises with first rate rise since 2007China's central bank surprised on Tuesday with its first increase of interest rates in nearly three years, a move that reflects concern about resurgent asset prices and could mark the start of a more aggressive phase of monetary tightening in More… |
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Oil rebounds on China rate hikeOil rebounded on Wednesday in reaction to the previous session's activity, when it racked up the biggest drop since February after China surprised markets by raising interest rates for the first time in nearly three years. Tuesday's move k More… |
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Dollar jumps after Fed commentsThe dollar jumped to a three-month high against the yen on Tuesday after Federal Reserve chairman Ben Bernanke said the central bank would strongly fight inflationary pressures, convincing more investors that rate hikes could come this year. More… |
