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Archive for  August 2004

  • The Canadian bond prices firmed across the curve on Friday as market players opted to focus on the softer-than-expected GDP figure, and shrugged off the relatively stronger headline numbers found in consumer sentiment and Midwest

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on US blue chips finish up, but economic worries weigh

    US blue chips climbed for the fourth day in a row on Friday, but gains were capped by another surge in oil prices while economic reports cast doubt on the economy's strength. Meanwhile, strong earnings

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  • Speculators in euro and Swiss franc futures dramatically scaled back their positions in these two currencies in the week ended July 27, data from the Commodity Futures Trading Commission showed on Friday. Speculative investors are

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Indian reserves fall on intervention

    India's foreign exchange reserves fell by $1.53 billion in the week to July 23, as the central bank dipped into its war chest to supply scarce dollars and aggressively support a beleaguered rupee, analysts said.

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Dollar firms versus euro, US payrolls eyed

    The dollar gained against the euro on Friday as traders viewed the latest batch of US data as positive for the currency ahead of next week's non-farm payrolls report. The Chicago purchasing management index, which

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Forex market views and key levels

    A selection of comments from analysts on important technical developments in the foreign exchange market. EURO/DOLLAR: "Recent bearish developments magnify the double top that is in place at $1.2897, and indicate that the medium to

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  • Hong Kong's budget deficit fell 41 percent in the fiscal first quarter from a year ago, the government said on Saturday, reflecting improved economic conditions and a resurgent property market. The sharp decline was helped

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on German troops will not go to Iraq, even for Kerry

    Germany's policy of staying out of Iraq will remain in place even if Democratic candidate John Kerry beats George W. Bush in the US presidential election and applies pressure, a top German official said on

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Ivory Coast peace deal signed in Ghana

    Ivory Coast's warring parties signed a deal on Friday after two days of talks in Ghana's capital Accra, setting out a timetable for political reform and rebel disarmament, according to a statement. Under the terms

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    • News Desk
    • Aug 1st, 2004
    • Comments Off on Powell calls to hand over Karadzic

    US Secretary of State Colin Powell said on Saturday those hiding former Bosnian Serb leader Radovan Karadzic were endangering Bosnia's future and demanded the authorities find and hand over the accused war criminal. During a

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