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Euro Slumps On E C B Hints--u S Jobless Rate Down Again

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LONDON (AFX) - The euro fell sharply against the dollar after European Central Bank president Jean-Claude Trichet put market expectations of a May interest rate hike in doubt.
At 2.15 pm, the euro fell to 1.2232 against the dollar from 1.2315 before the Trichet press conference began. The euro had earlier hit a seven-month high of 1.2335 usd.
In the press conference following the ECB's expected decision to leave rates unchanged at 2.50 pct, Trichet said that market forecasts of a May rate hike "do not correspond to the ECB's thinking".


April 6, 2006 -- A day before Friday's slated release of March employment figures, The U.S. Labor Department reported that initial claims for unemployment insurance last week were a seasonally adjusted 299,000, some 5,000 claims fewer than the previous week's revised average of 304,000.

Could it be that the EU economy is not as hot as claimed? Is recession knocking at the door together with pressure on wages to produce some imbalances? Which way for Gordon now? Oil prices are set in dollars and a rising USD will not help his trade imbalance.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%

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