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UK Factory Orders Fall At Fastest Pace In Three Years: CBI

British factory orders dropped at the fastest pace in three years in the quarter to October as manufacturers remained worried about the possibility of a disorderly Brexit, a survey by the Confederation of British Industry showed on Tuesday. The survey among 354 manufacturers showed that a net 6 percent reported a fall in new orders…

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U.S. Dollar Lower On Geopolitical Tensions

The U.S. dollar drifted lower against its key counterparts in the European session on Tuesday, tracking a decline in treasury yields, as disappointing earnings results as well as geopolitical tensions surrounding the death of Saudi journalist triggered a sell-off in global shares. The benchmark yield on 10-year note fell 3.15 percent, while that of 2-year…

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Iceland Wages Rise In September

Iceland’s wage index rose in September after declining in the previous month, figures from Statistics Iceland showed on Tuesday. The wage index climbed 0.6 percent from August, when it fell 0.1 percent. On a year-on-year basis, the wage index rose 5.9 percent in September after increasing 6 percent in the previous month. The wage index…

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Swiss M3 Growth Weakens In September

Switzerland’s money supply growth weakened in September, the Swiss National Bank reported Monday. The broad monetary aggregate, M3 climbed 2.3 percent year-on-year after rising 2.5 percent a month ago. Likewise, the narrow measure, M1, growth slowed to 4.8 percent from 5 percent in the previous month. At the same time, annual growth in M2 held…

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Euro Strengthens Against Majors

The euro advanced against its major counterparts in early European deals on Monday. The euro hit a 5-day high of 1.1549 against the greenback, from a low of 1.1498 hit at 8:45 pm ET. The 19-nation currency strengthened to a 6-day high of 130.20 against the yen and a 2-1/2-month high of 1.1501 against the…

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Loonie Little Changed After Canada Wholesale Sales

Following the release of Canada wholesale sales for August at 8:30 am ET Monday, the loonie changed little against its major rivals. The loonie was trading at 1.3102 against the greenback, 86.08 against the yen, 1.5053 against the euro and 0.9305 against the aussie around 8:33 am ET. The material has been provided by InstaForex…