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Closing Market Recap: Stocks Gain, Canadian Dollar Rises, Treasuries Flat

• S&P 500 up 1% • Treasury Yields Flat • Canadian Dollar Rallies • Gold Jumps Above $900Earnings Overshadow Jobs and Housing ConcernsA late-day rally, spurred by financials, led to a rise in stocks on Thursday even as housing and employment data deteriorated.The Dow Jones industrial average closed up 70 points to 7957, the S&P 500 up 8 points to 852 and the Nasdaq up 6 points to 1652. Early in the session, stocks were pushed lower by economic data.U.S. existing home sales

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USD rating remains stable, new trend for greenback

FXstreet.com (Buenos Aires) - The U.S. credit ranking remains at AAA Moody?s Investor Service spokesman said Today. Fears of a probable downgrade triggered a selloff of U.S. assets starting early in the American session, with Wall Street and S&P closing to the downside, and dollar falling to record lows against major rivals. Despite that, dollar is unable to recoup ground, and at current levels, dollar is set to begin a longer term falling trend. Weekly close for majors tomorrow

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Euro closing at 1.4011

FXstreet.com (Jakarta) - The Euro (EUR) the break above 1.4000 was relatively calm with the market not ready to push further without extra stimulus. The move higher was aggressive during the week and could be in store for consolidation if the AAA story fades from view.Overall the EUR/USD traded with a low of 1.3885 and a high of .1.4051 before closing at 1.4011, said Easy Forex Team.For more information, read our latest forex news.

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Les marchés européens en léger recul, le dollar se redresse

En ce mardi 17 Mars 2009, les places boursières européennes clôturent dans le rouge en dépit du rebond de Wall Street. L'indice parisien CAC 40 cède 0.87% à 2767.30 points. Outre-rhin et outre-manche le Dax et le Footsie abandonnent respectivement -1.40% et -0.37%. Et pourtant deux indicateurs américains sont ressortis meilleurs prévus juste avant l'ouverture de Wall Street. En effet, les prix à la production industrielle aux Etats-Unis ont augmenté de 0.1% soit une décélération de -1.4% à -1.3% pour

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GBP/USD; Sterling closing New York session at 1.4690

FXstreet.com (Jakarta) - The Sterling (GBP) rebounded with stocks supported by EUR/GBP selling and GBP/JPY buying. A lot of data is ahead of us this week including Q1 GDP which will be critical in the pounds short term direction. CPI (Mar) came in at 2.9% y/y as expected.?Overall the GBP/USD traded with a low of 1.4481 and a high of 1.4706 before closing the day at 1.4690 in the New York sesión,? said Easy Forex Team.For more information, read our

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Euro closing at 1.3390

FXstreet.com (Jakarta) - The Euro (EUR) was range bound while the market awaited the ECB Rate Decision. The decision to cut by 0.25% was widely expected and attention now turns to the press conference. The announcement of new measures was discounted as not true Quantitative Easing and the market bought the Euro aggressively to test highs above 1.3400.?Weakness in US stocks towards the end of the day prompted mild profit taking,? said Easy Forex Team. Overall the EUR/USD traded with

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Sterling closing the day at 1.4675

FXstreet.com (Jakarta) - The Sterling (GBP) had a mixed day coming under pressure in Europe as Q1 GDP came out at -1.9% vs. -1.6% previously. Helping the pair off lows was the better than expected March Retail Sales at 0.3% vs. -0.3%. Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4577 and a high of 1.4773 before closing the day at 1.4675 in the New York session.?For more information, read our latest forex news.

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Sterling closing at 1.4915

FXstreet.com (Jakarta) - The Sterling (GBP) used better than expected data to surged back towards 1.5000 and helped the EUR/GBP back towards 0.8900. UK PMI Manufacturing jumped to 42.9 vs. 39.5 previously.Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4735 and a high of 1.4935 before closing the day at 1.4915 in the New York session.?For more information, read our latest forex news.

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Sterling closing at 1.5010

Fxstreet.com (Jakarta) - The Sterling (GBP) was poised below 1.500 most of the day until surging US stocks encouraged the market to break above late in the US session. The BOE meet on Thursday although the market is expecting no change to the 0.5% rate. ?Any change in the scope of Quantitative easing could still be quite a market moving event,? said Easy Forex Team. Overall the GBP/USD traded with a low of 1.4834 and a high of 1.5037 before

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Good data lift US markets; GBP the most beneficiated

FXstreet.com (Córdoba) ? Markets rose today in the U.S. with the Dow Jones up more than a hundred pips closing at 8550 a new highest since January. Stocks gain impulse from another report that showed a moderation in the economic downturn; this time was the ADP Employment index which had the smallest decline in six months. Also crude oil made the news reaching a new six-month high. In the currency market the main receiver of benefits was the

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