Geoffrey Yu, FX strategist at UBS, says it is time to buy U.S. dollars, as the ECB attempts to talk the euro down, and an interest rate hike from the U.S. Federal Reserve nears.
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Asian stock markets may suffer losses of as much as 2 percent Monday as investors shun equities, opting instead for relative safety, analysts said.
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CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets. Weak factory data out of China today pressured brent crude, which was down on the day. WTI was down as well, today, while nat gas closed just under $5.
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CNBC's Sharon Epperson discusses the day's activity in the commodities markets and looks at where oil and precious metals are likely headed tomorrow.
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The currency, which has provided refuge for investors during the euro zone debt crisis, may be the next safe haven to fall, says Societe Generale.
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Eric Wasserstrom of SunTrust Robinson Humphrey and Kenneth Leon of Standard & Poor's Capital IQ have the play as Goldman reported strong earnings in investment banking, fixed-income, currency and the commodities desk.
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Bank of England Governor Mervyn King said that the central bank was not seeking any further fall in the level of sterling which now appeared to be fairly valued.
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Assets in U.S. based exchange-traded funds fell below the $1 trillion mark in September, the lowest level since November 2010, according to a new report from Birinyi Associates.
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Gabriel De Kock, Executive Director of FX Research at Morgan Stanley says the Euro is set to fall much further and recommends investors sell risk currencies such as the Aussie and NZ dollars.
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With Europe’s debt crisis keeping markets on tenterhooks, it’s not surprising that the Australian dollar – widely considered as a barometer of the health of the global economy – bore the brunt of investor panic in recent weeks.
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Japanese retail sales fell 2.6 percent in August from a year earlier, down for the first time in three months, as a rebound from the March earthquake looks to have run its course.
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"I think there are people out there in the real economy who think the financial markets are giving them a real opportunity," David Bloom, head of foreign exchange strategy at HSBC, told CNBC.
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