State Forex Station
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Archive for the ‘Market’ Category
The dollar advanced this week as surging US Treasury yields supported the currency. The trigger for the rise in the bond yields was a deal in the USwhich extended Bush-era tax breaks.
Analysts said the rise in yields reflected the fact that the tax deal had boosted the outlook for US growth and so reduced expectations [...]
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- Tags: US recovery
Exports of US soyabeans are on track to post a fresh record on the back of surging demand from CHina.
The US Department of Agriculture said the country would export 43.27m tonnes of the oilseed in the year through to August 2011, raising its previous forecast. The agency predicts export sales to grow 20% annually to [...]
It is said that it is oil that makes this world go round. The price of oil influence almost all areas of the domestic and global economy.Fluctuations in the oil price can greatly impact upon on the price level of the goods we buy everyday, and can determine the profits that companies make for shareholders.
According [...]
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- Tags: oil price
The leaders of a presidential commission on the US deficit proposed nearly USD 4,000 billion earlier this month in cuts to politically popular programmes like social security, defence and Medicare to cut down the US budget deficit. The final report on the committee’s recommendation is due on December 1, but requires 14 of the 18 [...]
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- Tags: US Deficit
After the US slashed key crop forecasts for a third successive month and warned of shortfalls in grains on Tuesday, the spectre of inflation loomed over agricultural markets.
Advisers scrambled to come to grips with the latest report, whose monthly appearance has caused big swings in the agricultural markets.
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- Tags: Crop Yields, Food Price
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