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Dollar Mixed Ahead Of U.S. Weekly Jobless Claims

At 8:30 am ET Thursday, U.S. weekly jobless claims for the week ended October 6 are due. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the franc, it dropped against the yen. Against the pound and the euro, it held steady. The greenback was worth 112.53…

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UK Retail Sales Decline On Food Sales

UK retail sales dropped more-than-expected in September reflecting the biggest decline in food store sales in almost two years, figures from the Office for National Statistics revealed Thursday. Retail sales including auto fuel fell 0.8 percent month-on-month in September, due mainly to a large decline of 1.5 percent in food stores, which was the largest…

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Yen Slides After BoJ Kuroda's Comments

The Japanese yen slipped against its most major counterparts in the European session on Thursday, after the Bank of Japan Governor Haruhiko Kuroda offered an upbeat view on Japanese economy and continued to back low rate strategy to attain inflation goal. “Japan’s economy is expected to continue expanding moderately,” Kuroda said at meeting with regional…

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Gold Holds Steady Despite Strong Dollar

Gold prices held steady on Thursday, even as the dollar hit a one-week high on hawkish Fed minutes. Spot gold was little changed at $1,223.65 an ounce while U.S. gold futures eased marginally to $1,226.70. A sell-off in Asia added some appeal to gold, which is seemingly resuming its safe-haven status. Asian markets ended mostly…

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Oil Extends Losses After Big Rise In Stockpiles

Oil prices fell on Thursday to extend losses from the previous session after data showed an unexpected rise in U.S. inventories. Global benchmark Brent crude for December delivery was down 80 cents or 1.0 percent at $79.25, after having ended below the $80-a-barrel threshold for the first time in nearly a month on Wednesday. U.S.…

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Portugal's Producer Prices Rise At Steady Pace

Portugal’s producer prices increased at a steady pace in September, figures from Statistics Portugal showed Thursday. Producer prices advanced 4.7 percent year-on-year in September, the same rate as seen in August. Excluding volatile energy prices, producer prices gained 1.9 percent. Energy prices surged 15.7 percent. Month-on-month, producer price inflation came in at 0.3 percent in…