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While NASDAQ surged to new record high overnight, overall closes were mixed with DOW slightly down. Asia markets also lack a clear direction. Investors appear to remain cautious ahead of US non-farm payroll report tomorrow. So far, New Zealand and Australian Dollars are the strongest ones for the week. Canadian Dollar is lagging far behind
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An official at China’s Ministry of Industry and Information Technology warned of risks posed by network security issues such as network attacks and network intrusions.  Flagged increased regulation to protect on issues such as the collection of personal information. The report comes via Bloomberg, link (may be gated)  and needs to be read in light of the
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Dollar was under pressure most of the week and selling accelerated again after the big disappointment in employment data. The non-farm payroll report could show that job market recovery had made a “substantial setback” rather than “substantial further progress”. A tapering announcement from Fed in September is basically off the table. Overall development in US
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MELBOURNE: Oil prices dipped on Friday after posting strong overnight gains on a weaker dollar and a bigger-than-expected fall in US crude stocks and were headed for small gains on the week ahead of a highly anticipated US monthly jobs report. US West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.3%, to $69.75
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