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Author: John Rowa

China Tightening, JPY Gains

China unexpectedly increased the requirement of reserves for banks today by 50 basis points. This move is intended to cut back on bank lending due to worries of inflation. China’s growth was helping the global economic...

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Dubai Suffers First Foreclosure

Barclays has just won the first foreclosure case in Dubai. Now investors and traders look on to see if this precedent will be followed by a rush of foreclosures. There are already pending foreclosure cases in process. The legal...

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News Data: Canada Recovering

CAD Housing Starts came in 175K, beating expectations of 165K. The previous report was also revised more favorably from 159K to 165K. Despite the positive news in housing starts, building permits declined 4.6%, worse than the...

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News Data: AUD, GBP, USD, CAD

AUD Retail sales increased by 1.4% for the month of November 2009, beating expectations of 0.4% and previous growth of 0.4%. Sales increased among all states and all sectors listed. Australian Trade Balance came in at -1.70...

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News Data: AUD, GBP, & USD

AUD Australian Building Approvals m/m grew 5.9% from October 2009 to November 2009. This beat expectations 3.1%. Building approvals is a good leading indicator of future construction activity. The Australian dollar rose slightly...

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