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Recent News:
  • Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.    Fri, May 10 05:00 AM  Crude oil futures drop as dollar's strength grows:  The emboldened U.S. dollar pulled down West Texas Intermediate crude oil futures on Friday, as the world's reserve currency pushed to its top level in more than 14 days, according to Bloomberg.  Read more.    Fri, May 10 04:33 AM  Loonie dives after release of weak labor report:  The Canadian dollar on Friday dropped to its week-low against the U.S. dollar after the nation released underwhelming job-creation data, Bloomberg reports.  Read more.    Fri, May 10 02:17 AM  Aussie's losses increasingly causing concern:  Friday saw the Australian dollar dive toward parity with the world's reserve currency for the first time since the beginning of the second half of last year as concerns about Australia's economy were gaining momentum, according to Bloomberg.  Read more.   
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La Niña poised to fade within months, NOAA unit states

Feb 10, 2012 10:17 AM

The weather phenomenon hovering in the Pacific Ocean and wreaking havoc on crops throughout the world is likely to dissipate this spring, according to the U.S. Climate Prediction Center.

Bloomberg reports La Niña, which cools weather throughout the globe, will continue influencing temperatures in the U.S. and rainfall through April, according to the arm of the National Oceanic and Atmospheric Administration. El Niño periodically warms regions of the Pacific Ocean.

"It's really too early to know what will happen during hurricane season" due to the decreasing reliability of forecast models from now through June, center meteorologist Michelle L'Heureux told the news service. "I wouldn't want to rule out anything out for the hurricane season."

Argentina and Brazil have seen crops parched due to La Niña while Thailand has endured plantations that have flooded, which also is attributable to the tempest. Australia absorbed its wettest 24-month period on record during 2010 and 2011, also believed to have been somewhat caused by the system that occurs roughly every three-to-five years.

The Associated Press reports La Niña also had a hand in prompting the severe drought endured by the Southwest U.S.

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