24 Aug '11, 10pm

US dollar gains against euro, yen; gold sinks

NEW YORK: The US dollar gained slightly against the euro and the yen on Wednesday, driven by upbeat US manufacturing data, while the price of gold plunged from its record highs of one day earlier. The dollar was trading at $1.4414 against the euro at 2100 GMT, compared to $1.4436 at the same time on Tuesday, having gotten a boost from a better-than-expected gain in US durable goods orders. Against the Japanese currency, the dollar rose to 76.97 yen from 76.68 a day earlier. Gold stood at $1,759.32 per ounce on the spot market at 2100 GMT, down from the record high of $1,913.50 that it hit on Tuesday, a dramatic one-day collapse of more than eight percent. The forex market will not make any major moves until a much-awaited speech by US Federal Reserve chief Ben Bernanke on Friday, expected to reveal whether the Fed will further loosen monetary policy, analysts said. Bernank...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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New post! "Gold Rush" at

New post! "Gold Rush" at

theseams.blogspot.com 25 Aug '11, 7am

cover up into today's outfit. I just love how it's incredibly sheer and light weight making this hot weather more bearable...

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channelnewsasia.com 31 Aug '11, 10pm

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channelnewsasia.com 01 Sep '11, 3am

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thefinance.sg 25 Aug '11, 8am

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channelnewsasia.com 02 Sep '11, 4am

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channelnewsasia.com 12 Aug '11, 3am

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Daily Comment on the US and SG market (25/08/2011)

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treehugger.com 24 Aug '11, 6am

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