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We need to take a critical look at the performance of the US dollar. On the trade-weighted standard, we see that the benchmark currency closed at a fresh three-week low. However, with the Dow Jones FXCM Dollar Index, the benchmark seems to have shown a solid recovery from intraday losses.
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UPDATE 1-Anglo say Australia’s carbon scheme to ruin coal jobs, investment
Posted On Tuesday, 31 May 2011 By admin. Under futures trading
* Miners warn that tax could cost sector $25 bln through2020 * Anglo exec: scheme would cut Australia coal output by athird * Coal industry would cut investment by 13 pct * Miners warn carbon price could ...
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China pork prices rise 3 pct on holiday, drought - data
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* EU works on second bailout package for Greece * Canada-U.S. crude pipeline shut by leak, lifts crude * Coming up: API oil stocks data, 4:30 p.m. EDT Wednesday NEW YORK, May 31 (Reuters) - U.S. crude ...
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The dollar was able to climb back from losses seen after a string of weaker than expected data prints this morning. However the greenback is expected to remain on the defensive with traders continuing to eye the week’s economic docket.
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