David Mann News
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BNP Paribas SA, France’s largest bank, hired Vassili Serebriakov as a currency strategist in the New York office.
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The euro fell versus the dollar, paring a third monthly gain, as reports showed Spanish unemployment climbed to a record and German business confidence unexpectedly fell amid Europe’s three-year-old debt crisis.
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The dollar gained versus the euro as the Federal Reserve maintained asset-purchase programs without suggesting it’s closer to boosting stimulus, reducing concern additional measures will debase the currency.
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Glen Milner wanted to know the dangers posed by the Navy’s Indian Island munitions facility near Port Townsend, Washington. So in 2003, he filed a Freedom of Information request.
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Asian currencies are the best bets against the dollar as currency markets anticipate quantitative easing from the Federal Reserve, said David Mann , head of research, Americas at Standard Chartered Plc.
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The Dollar Index fell for a second week as Federal Reserve Chairman Ben S. Bernanke defended his unprecedented actions and made the case for further monetary stimulus to counter unemployment of more than 8 percent.
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New Zealand’s dollar rose to a six- month high versus its U.S. counterparts after the Federal Reserve’s plan to add to bond purchases spurred demand currencies of nations with higher returning assets.
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The euro gained the most in more than a week versus the dollar after Italy’s debt sale damped concern nations in the currency bloc won’t be able to access the debt markets.
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The Canadian dollar gained for a fifth consecutive week against its U.S. counterpart on speculation growth will be sustained even after the economy unexpectedly shed jobs last month.
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The Dollar Index fell to a more than three-month low as Federal Reserve Chairman Ben S. Bernanke defended his unprecedented actions and made the case for further monetary stimulus to counter unemployment.
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