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  • H.S. Borji

    The US dollar declined against a basket of currencies Friday, as mixed employment data pointed to persistent slack in the labour market that could give the Federal Reserve the impetus to keep interest rates near zero for a longer period. The US dollar index, a weighted average of the dollar’s performance against six commonly traded

  • H.S. Borji

    The number of Americans filing for unemployment benefits rose last week, but the four-week average dropped to its lowest level since April 2006, adding further evidence the US labour market was becoming more stable. US jobless claims increased 23,000 to 302,000 last week, the Labor Department reported today in Washington. The median estimate of economists

  • H.S. Borji

    The Federal Reserve announced today it plans to reduce the pace of bond purchasing by another $10 billion, as the central bank continues to roll back record stimulus in measured steps leading to its full elimination in October. “The Committee currently judges that there is sufficient underlying strength in the broader economy to support ongoing

  • H.S. Borji

    The US dollar advanced for the seventh time in eight days Wednesday amid signs the US economy accelerated at a faster pace in the second quarter, while job creation in July surpassed the 200,000 mark. The US dollar index, a weighted average of the greenback’s performance against six of its major rivals, increased 0.33 percent

  • H.S. Borji

    The ADP Institute could show Wednesday the US economy added 235,000 private payrolls in July, following a gain of 281,000 the previous month that was the largest in more than two-and-a-half years. The 235,000 estimate is based on a survey conducted by Bloomberg News. A separate survey conducted by Capital Spectator predicts private payrolls to

  • H.S. Borji

    US consumer confidence surged in July, rising to the highest level in nearly seven years as faster than forecast job creation helped boost consumers’ assessment of the current economic situation. The Conference Board’s gauge of consumer confidence surged from 86.4 to 90.9 in July, far surpassing estimates calling for 85.5. The June reading was revised

  • H.S. Borji
    Forex » US dollar index hit 81.00
    H.S. Borji - July 25, 2014, 17:51 GMT

    The US dollar index advanced sharply Friday, pushing through the 81.00 level for the first time since February, as durable goods orders rose faster than forecast in June. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.22 percent to 81.05, extending its weekly gain to nearly

  • H.S. Borji

    The sale of previously-owned US homes advanced at a strong pace in June, as buyers continued to take advantage of slower price growth and rising inventory levels. Existing US home sales rose 2.6 percent to an annual rate of 5.04 million, following a gain of 5.4 percent the prior month, the National Association of Realtors

  • H.S. Borji
    Forex » Positive Sentiment Lifts US dollar
    H.S. Borji - July 16, 2014, 20:21 GMT

    The US dollar advanced for a second consecutive day against a basket of currencies, as mixed economic data didn’t detract from positive sentiment about US recovery. The US dollar index, a weighted average of the greenback’s performance versus six commonly traded peers, advanced 0.2 percent to 80.55. The index has advanced 0.7 percent since July

  • H.S. Borji

    The Australian dollar advanced slightly against its US counterpart Monday amid a dearth of economic data, as investors remained on the sidelines ahead of Tuesday’s RBA meeting minutes. The AUDUSD traded within a narrow range of 0.9380-0.9403. The pair consolidated at 0.9394, advancing 0.11 percent. The technical levels show in initial support at 0.9374 and