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Canadian Dollar trades down |
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Statistics Canada said that consumer prices were up 3.1% in June from a year ago, up from a 2.2% gain in May and the biggest annual increase in over two years. The September Canadian dollar was down .20 to 98.91.
Australia's Bureau of Statistics said that consumer prices were up 4.5% in the second quarter from a year ago, the biggest gain since 2001. The September Australian dollar fell .98 to 95.45.
Eurostat said that its index of new industrial orders for the Euro area 15 was down 3.5% in May and down 4.4% from a year ago.
The British Bankers' Association said that mortgage approvals were down 67% in June from a year ago, the lowest level in at least ten years.
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| FOREX Reports |
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Aussie ends lower again |
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The Aussie closed trading weaker Wednesday as another lackluster day on Wall Street weighed on risk sentiment.
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Yen keeps rising |
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Japanese yen continued gains Wednesday as investors turned risk-averse after shares in Asia fell on fears that the credit crunch would lead to a sharp slowdown in the global economy.
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Pound sterling recovers against dollar |
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Pound sterling continued its recovery Tuesday as traders welcomed the UK government's plan to inject 37 billion pounds into the country's ailing banks.
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