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Daily Forex Report

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The Euro Advances against the Dollar, The Pound Jumps 1%

The euro advanced against the dollar on Tuesday after neutral comments from Fed Chair Janet Yellen kept investors on their toes. Yellen’s remarks on...

Euro Surges on Weak U.S. Employment Report

A weak employment report out of the U.S. sent the euro surging to a three-week high on Friday, and dampened expectations of a rate...

AIG Services Index Pushes up Aussie as Yen Weakens on Wage...

The AUD got a boost on Friday following the release of AIG services index data. The data showed the index rose from 49.7 in...

China’s Yuan Weakens as the Greenback Rallies

Us Dollar Versus China Yuan
The yuan is projected to weaken 2.5% this year, according to a new poll from Reuters. The U.S. dollar, meanwhile, is expected to rally...

Dollar, Pound Slip on Weak Economic Data

The greenback slipped against a basket of other major currencies Wednesday, but still managed to stay ahead of the pound, which is hurting due...

U.S. Oil Rig Count Drops Again, But Crude Supplies Rise by...

The number of oil rigs in the United States declined again last week, falling to 328 from 332 the previous week and 668 one...

Halliburton, Baker Hughes Deal Collapses as the Government Takes on Big...

Halliburton Co. (HAL) and Baker Hughes Inc. (BHI) are calling it quits. The $28 billion merger deal fell through as both companies faced resistance...

Oil Prices Tumble As Producers Argue Over Production Targets

Crude oil price fall down abstract illustration with oil leaked oil from barrel form dollar sign
Saudi Arabia downplaying calls for production cuts pushed oil prices lower in early Wednesday trading session, erasing previous day gains. Concerns over a buildup...

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