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Dollar Mixed After Central Banks Across The Pond Maintain Rates

The dollar is turning in a mixed performance against its major rivals Thursday afternoon. The buck is up against the Euro, but down against the British pound and the Japanese Yen. Central banks remain in focus a day after the Federal Reserve hiked interest rates, as expected. The European Central Bank and the Bank of ...

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Crude Oil Rises To $57 As Retail Sales Climb

Crude oil was up Thursday as traders weighed a flurry of ecnonomic news. Jan. WTI oil climbed 44 cents, or 0.8%, to settle at $57.04/bbl. U.S. import prices increased in line with economist estimates in the month of November, while export prices rose by much more than anticipated. The Labor ...

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Treasuries Close Roughly Flat After Recovering From Early Weakness

After moving to the downside in morning trading, treasuries rebounded over the course of the trading session on Thursday before closing roughly flat. Bond prices climbed well off their lows of the session to finish the day slightly higher. Subsequently, the yield on the benchmark ten-year note, which moves opposite ...

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U.S. Import Prices Climb In Line With Estimates In November

A report released by the Labor Department on Thursday showed U.S. import prices increased in line with economist estimates in the month of November, while export prices rose by much more than anticipated. The Labor Department said its import price index climbed by 0.7 percent in November after inching up ...

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Euro Advances As ECB Draghi Lifts Inflation, Growth Forecasts

The euro climbed against its key counterparts in the European session on Thursday, after the European Central Bank President Mario Draghi lifted the inflation and growth forecasts for the euro area citing higher oil and food prices. In his customary press conference, Draghi acknowledged that strong cyclical momentum and the ...

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U.S. Business Inventories Edge Slightly Lower In October

A report released by the Commerce Department on Thursday showed a modest decrease in U.S. business inventories in the month of October. The Commerce Department said business inventories edged down by 0.1 percent in October after showing no change in September. The slight drop in inventories matched economist estimates. The ...

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ECB Leaves Rates, QE, Guidance Unchanged

The European Central Bank left its key interest rates and its plan to continue its monthly asset purchases at half its current size from January, unchanged on Thursday and reiterated that the rates will remain at their present levels well past the life of the stimulus. The Governing Council, led ...

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