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Another seesaw ride in the currency markets to start the day in European trade.  The pattern over the last couple days has the dollar under early pressure and then we have seen dip buyers emerge.   The session so far has highlighted by several key pieces of European economic data.   The most relevant releases began with German Preliminary first quarter GDP and April CPI data.  GDP came in much better than expected at 1.5% against forecasts for 0.7%, while the CPI [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.EURO The euro gained marginal ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5545 level and was supported around the .5450 level.  Technically, today’s intraday low was right around the 23.6% retracement of the move from .6020 to .5280.  Many data were released in the U.S. today. First, net long-term TIC flows rose to US$ 80.4 billion in March from February’s total of US$ 72.5 billion while the monthly net TIC flows component saw an [visit website]

EURO The euro gained marginal ground vis-à-vis the U.S. dollar today as the single currency tested offers around the US$ 1.5545 level and was supported around the .5450 level.  Technically, today’s intraday low was right around the 23.6% retracement of the move from .6020 to .5280.  Many data were released in the U.S. today. First, net long-term TIC flows rose to US$ 80.4 billion in March from February’s total of US$ 72.5 billion while the monthly net TIC flows component saw an [visit website]

FXstreet.com: Market View. Have access to the latest market reports that will help you in your trading decisions.5/15/2008 1:30 PM: EUR/$..1.5432 $/JPY..104.88 GBP/$..1.9445 $/CHF..1.0578 AUD/$..0.9378 $/CAD..1.0015 USD Shrugs off Soft Data The dollar was initially softer against the euro and yen in the Thursday session following soft US economic reports earlier in the morning. Weekly jobless claims increased to 371k, versus 365k in the previous week. The NY Fed manufacturing survey deteriorated to a reading of minus 3.23 in May, versus 0.63 in April. Meanwhile, industrial output in April declined by [visit website]

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Canadian call-centre jobs, especially those in the Atlantic provinces, could be in jeopardy of being shifted overseas if burgeoning Asian and Middle Eastern outsourcing firms continue to ride a wave of global consolidation, industry experts say. [visit website]

The outsourcing boom has passed and maturity is setting in, according to a new study from consulting firm DiamondCluster International in Chicago. [visit website]

India's domination in the outsourcing market may be challenged as emerging destinations gain prominence with firms seeking access to skills, predominantly non-English languages, that are lacking in existing locations. [visit website]

In a study of 200 business executives in the US, global management company Accenture found that two thirds of respondents had experienced miscommunication issues within their outsourcing operations. [visit website]

Warnings about rising salaries have tempered a strong set of financial results from India's leading IT companies - Infosys, Satyam, Tata Consulting Services (TCS) and Wipro - on the back of continuing demand for offshore outsourcing services. [visit website]

If you've had some nasty or embarrassing illness in the past 12 months, perhaps an ailment so unusual or damning you'd prefer to hide it from your employer, friends and loved ones, then here's a shocker: There's a good chance that a stranger in far off India knows all about it. And the kicker--it was your health-care provider that told him of your secret battle with plantar warts, rampant hirsutism, and pathological addiction to eBay. [visit website]

Hitachi India Pvt. Ltd. has established the Offshore Development Management Center, a new unit in its Mumbai office, which provides project management support to Hitachi's outsourcing partners in India developing software products. [visit website]

Santa Clara, Calif.-based chip maker Intel and San Francisco-based investment firm Texas Pacific Group are collectively buying a stake in FPT, which provides software services in Vietnam. FPT, which is based in Hanoi, will use the funds to expand its product lines and services, as well as grab a larger slice of the global outsourcing business. [visit website]

Good post over on CenterNetworks today about Gateway’s tech support moving back to “north america”…. http://www.centernetworks.com/gateway-offers-new-support [visit website]

OOCenter.com -- the only source for offshore outsourcing news, information and your opinions.Offshore outsourcing poses such a significant threat to British jobs that forecasts have suggested that the UK will be without an IT industry by 2016. Speaking to the Telegraph, Richard Holway, director of telecoms and software consultancy Ovum, said that with IT jobs increasingly being offshored, without heavy investment in skills and training the UK IT industry will be under serious threat from economies such as India and China. [visit website]