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Dollar Little Changed After U.S. Home Price Indices

The Federal Housing Finance Agency and S&P Corelogic Case-Shiller has released U.S. home price indices for July at 9:00 am ET Tuesday. After these data, the greenback changed little against its major rivals. The greenback was trading at 112.81 against the yen, 0.9658 against the franc, 1.1779 against the euro and 1.3153 against the pound…

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Dollar Mixed Ahead Of U.S. Home Price Indices

The Federal Housing Finance Agency and S&P Corelogic Case-Shiller will release U.S. home price indices for July at 9:00 am ET Tuesday. Ahead of these data, the greenback traded mixed against its major rivals. While the greenback held steady against the euro, the pound and the franc, it retreated against the yen. The greenback was…

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Taiwan's Industrial Output Growth Eases In August

Taiwan’s industrial production grew at a slower pace in August, the Ministry of Economic Affairs said Tuesday. Industrial output gained 1.33 percent on year, following July’s 4.69 percent increase. This was also weaker than the expected 1 percent. Among sectors, manufacturing logged an annual growth of 1.85 percent, while mining and quarrying contracted 5.69 percent.…

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BoE's Vlieghe Says QE Unwinding Need Not Impact Yield Curve

Unwinding of Bank of England’s asset purchase plan will not have a material impact on the yield curve, if done gradually with proper communication, Monetary Policy Committee member Gertjan Vlieghe said Tuesday. Quantitative easing, or QE, affects the yield curve but it does so primarily by affecting expectations of future monetary policy, Vlieghe said in…

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Pound Climbs After BoE Vlieghe's Remarks

The pound strengthened against its major opponents in the European session on Tuesday, after the Bank of England member Gertjan Vlieghe remarked that one or two rate hikes per year would probably be needed should UK wage and productivity picked up. Understanding the main channels through which QE works is going to be very important…

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Poland's Unemployment Rate Lowest In 28 Years

Poland’s jobless rate dropped in August to its lowest level since last 1990, Statistics Poland reported Tuesday. The registered unemployment rate fell marginally to 5.8 percent from 5.9 percent in July. This was the lowest since October 1990, when it stood at 5.5 percent. The rate was forecast to remain unchanged at 5.9 percent. In…

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Italy August Non-EU Trade Surplus Decreases

Italy’s trade surplus with countries outside the European Union decreased in August from a year ago, preliminary data from the statistical office ISTAT showed Tuesday. The non-EU merchandise trade surplus fell to EUR 1.749 billion from EUR 2.527 billion in the same month last year. Exports rose 4.5 percent and imports grew 12.4 percent. On…

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Gold Holds Steady Ahead Of Fed Decision

Gold prices held steady on Tuesday as investors looked ahead to the upcoming Fed meeting for clues to future rate increases. Spot gold was up 0.1 percent at $1,200.56 an ounce while U.S. gold futures were little changed at $1,204.50 an ounce. The U.S. Federal Reserve is expected to deliver another 25 bps rate hike…

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Oil Prices Extend Gains Amid Looming Iran Sanctions

Oil prices rose on Tuesday to extend gains from the previous session as U.S. sanctions against Iran loomed and top oil producers signaled they were in no rush to increase output. Benchmark Brent crude was up 74 cents or 0.92 percent at $81.27 per barrel after having hit as high as $81.48 in intraday the…