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Pfizer trims 2012 view, citing stronger dollar

Reuters: Business News — Tue, 31 Jan 2012 12:32:40 +0000

(Reuters) – Pfizer Inc reported sharply lower quarterly earnings, hurt by generic forms of its Lipitor cholesterol drug, and the company trimmed its 2012 forecasts due to negative effects of the stronger dollar.

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Hit from dollar on McDonald’s 2012 menu

Reuters: Business News — Tue, 24 Jan 2012 20:10:13 +0000

(Reuters) – McDonald’s Corp’s strong December sales and fourth-quarter earnings failed to allay fears that exchange rates and increased spending will weaken profits in 2012.

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Analysis: Asia’s double-edged currency sword

Reuters: Business News — Mon, 02 Jan 2012 16:01:57 +0000

SINGAPORE (Reuters) – The roller-coaster ride for Asian currencies, which saw only the yen and yuan post significant gains for the year against the U.S. dollar, is set to continue in 2012.

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Japan says it, India close to deciding dollar swap pact

Reuters: Business News — Tue, 27 Dec 2011 02:50:03 +0000

TOKYO (Reuters) – Japan and India are in the final stages of deciding on a dollar swap agreement and expect to reach agreement during Japanese Prime Minister Yoshihiko Noda’s visit to India this week, Japan’s finance minister said on Tuesday.

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Yuan hits record vs dollar, on track for over-4-percent gain

Reuters: Business News — Mon, 26 Dec 2011 05:40:17 +0000

SHANGHAI (Reuters) – The yuan hit an all-time trading high against the dollar on Monday, guided by a stronger mid-point by the People’s Bank of China, and looks set for an over-4-percent appreciation for 2011, traders said.

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Japan to enter dollar swap agreement with India

Reuters: Business News — Sun, 25 Dec 2011 14:40:04 +0000

TOKYO (Reuters) – The Japanese government is considering a dollar swap arrangement with India to provide emergency liquidity in case the European debt crisis reaches emerging economies, the Nikkei business newspaper said on Sunday.

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Stocks fall, dollar up after death of Kim Jong-il

Reuters: Business News — Mon, 19 Dec 2011 06:00:03 +0000

TOKYO (Reuters) – Asian stocks and U.S. index futures fell, with South Korean shares tumbling as much as 5 percent, and the dollar gained after North Korea announced the death of leader Kim Jong-il, raising fears of regional instability.

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Dudley: Fed’s dollar lines shield U.S. from Europe

Reuters: Business News — Fri, 16 Dec 2011 08:50:51 +0000

WASHINGTON (Reuters) – A top U.S. Federal Reserve official on Thursday defended the central bank’s decision to provide dollars for overseas banks stressed by Europe’s debt crisis, saying the action was needed to protect the U.S. economy.

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Euro, Europe stocks fall on lack of Fed action

Reuters: Business News — Wed, 14 Dec 2011 10:20:05 +0000

LONDON (Reuters) – The euro hit an 11-month low against the dollar and stocks eased on Wednesday after the Federal Reserve warned Europe’s sovereign debt crisis could hurt the U.S. economy but failed to signal fresh action to stimulate growth.

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BOJ offers dollar funds in rare move amid Europe strains

Reuters: Business News — Wed, 02 Nov 2011 07:00:39 +0000

TOKYO (Reuters) – The Bank of Japan offered dollars to banks in market operations on Wednesday for the first time since July last year, a sign that market strains from Europe’s sovereign debt crisis may be broadening.

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