Posts published in May 2009

Ruble Strengthens to New 2-Month High

The Russian ruble rose to its new maximum since January 14 against the U.S. dollar today as the current oil prices still suggest that the December-January devaluation was too strong. The ruble also…

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Canadian Dollar Gains on Stocks and Oil Growth

The Canadian dollar advanced against both U.S. dollar and the euro for a second day today as the stock markets surged globally, while the oil price advanced close to $60 per barrel. The loonie, as the Canadian currency…

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BoE Report on Inflation Spurrs Yen’s Growth

The Japanese yen began to grow today, after a not very good Asian trading session, when the market participants began to react on the British central bank’s report on inflation and to favor the secure assets and currencies.…

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Canadian Dollar Reacts on Strong Employment Data

After a bearish previous week, the loonie reached a 6-month high against the dollar as national employers added jobs and optimistic data from the U.S. indicate that the recession may be easing. During this…

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