FOREX-Dollar drops broadly on rising risk aversion (Reuters via Yahoo! Singapore News)
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· Canadian employment data beats expectations, leads to Loonie rally. · Heavy event risk looms next week - which indicators do you need to watch?
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For today, in contracts.
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NEW YORK, May 9 - The dollar fell on Friday as another round of credit market losses prompted investors to reduce exposure to risky assets and heightened concern about the health of the U.S. economy.
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IN last week’s monetary policy statement (MPS), the governor of the Reserve Bank of Zimbabwe (RBZ), Gideon Gono very courageously sought once again to address the devastatingly negative consequences of foreign currency shortages.
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Join Mark Whistler today for a free conference call at 1 PM EST! Crude oil continues to rise on word of shortages but OPEC says supply is just fine, and AIG is in bad shape but they won’t be looking to the government to bail them out.
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KARACHI, May 9 - Pakistan should expect foreign inflows of up to $3.5 billion in the short to medium term which would help stabilize the rupee, said the central bank chief said on Friday after the currency fell 3.5 percent.
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(Recasts with reaction to U.S. data, updates prices, adds comment, changes dateline, previous LONDON).
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