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Treasuries Close Lower Following Slew Of Economic Data

After ending the previous session roughly flat, treasuries moved to the downside during trading on Friday but closed off their lows of the session. Bond prices initially came under pressure but regained some ground as the day progressed. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose…

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Dollar Recovering From Early Weakness

The dollar got off to a weak start Friday, but has since recovered lost ground and turned positive. Traders are reacting to the rather large batch of U.S. economic data that was released this morning. Partly reflecting a drop in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday…

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Eurozone Hourly Labor Cost Increases In Q2

Eurozone’s hourly labor cost increased at a slightly faster pace in the second quarter, data from Eurostat showed Friday. Hourly labor cost advanced 2.2 percent from previous year following a 2.1 percent rise in the first quarter. Both components of labor costs, namely wages and salaries, and non-wage costs logged faster growth. The cost of…

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Gold Falters After Early Gains, Settles Lower

After edging higher early on in the session, as the dollar weakened on data that showed U.S. consumer price index rose an annual 2.7% in August, gold prices retreated to end on a negative note on Friday. The 2.7% increase of consumer price inflation was below the 2.8% forecast and off the 2.8% rise in…

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U.S. Retail Sales Inch Up Much Less Than Expected In August

Partly reflecting a drop in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by much less than expected in the month of August. The Commerce Department said retail sales inched up by 0.1 percent in August after climbing by an upwardly…

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U.S. Business Inventories Climb In Line With Estimates In July

Business inventories in the U.S. increased in line with economist estimates in the month of July, the Commerce Department revealed in a report released on Friday. The Commerce Department said business inventories climbed by 0.6 percent in July after inching up by 0.1 percent in June. Manufacturing inventories showed a notable increase during the month,…

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Dollar Little Changed After U.S. Consumer Sentiment Index

The University of Michigan’s consumer sentiment index for September has been released at 10.00 am ET Friday. The greenback changed little against its major rivals after the data. The greenback was trading at 112.01 against the yen, 0.9663 against the franc, 1.3099 against the pound and 1.1671 against the euro around 10:02 am ET. The…