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UK's Visible Trade Gap Narrows To 7-Month Low

The UK’s visible trade deficit decreased to a seven-month low in September, figures from the Office for National Statistics revealed Friday. The trade in goods showed a shortfall of GBP 9.73 billion compared to a deficit of GBP 11.72 billion in August. This was the smallest deficit since February. The total trade balance registered a…

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Dollar Slightly Up After U.S. PPI

The Bureau of Labor Statistics’ Producer Price Index for October has been issued at 8.30 am ET Friday. After the data, the greenback rose slightly against its major rivals. The greenback was trading at 113.97 against the yen, 1.0074 against the franc, 1.1331 against the euro and 1.3015 against the pound around 8:33 am ET.…

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Dollar Mixed Ahead Of U.S. PPI

The Bureau of Labor Statistics’ Producer Price Index for October will be issued at 8.30 am ET Friday. The consensus is for growth of 0.2 percent, unchanged from last year. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose against the yen, it held steady against the rest…

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UK GDP Growth Fastest In Nearly 2 Years

The UK economy expanded at the fastest pace in nearly two years in the third quarter driven by household spending and exports, despite heightened uncertainty over the Brexit deal. Gross domestic product advanced 0.6 percent sequentially after expanding 0.4 percent a quarter ago, figures from the Office for National Statistics showed Friday. The growth rate…

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Treasuries Show Strong Move Back To The Upside

After moving lower over the course of the previous session, treasuries rebounded strongly during the trading day on Friday. Bond prices moved notably higher in morning trading and remained firmly positive throughout the afternoon. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dropped by 4.5 basis points to 3189…

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Oil Futures Slide For 10th Straight Session

Crude oil prices slipped for a tenth straight session on Friday, as rising output and fears of a drop in crude demand due to economic slowdown weighed on the commodity once again. Crude oil’s current losing streak is reportedly its longest over three decades. In October, oil prices had spurted to near four-year highs on…

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Dollar Trading Mixed As The Weekend Approaches

The dollar is turning in a mixed performance against its major rivals Friday afternoon. The buck is up against its major European rivals, but is losing ground against the Japanese Yen. Traders continue to react to yesterday’s Federal Reserve statement, as we as a batch of U.S. economic data this morning. The Fed left interest…

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Gold Futures Decline Sharply, Settle At 1-month Low

Gold prices drifted lower on Friday and recorded their biggest weekly fall in more than two months, as the U.S. dollar gained in strength on the back of the Federal Reserve’s statement on Thursday that it would continue to raise interest rates gradually. The inflation data released today showed U.S. producer price index to have…

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Japan Producer Prices Rise 0.3% On Month In October

Producer prices in Japan were up 0.3 percent on month in October, the Bank of Japan said on Monday – unchanged from the September reading. On a yearly basis, producer prices climbed 2.9 percent, slowing from 3.0 percent in the previous month. Export prices were up 0.6 percent on month and 0.9 percent on year,…