Posts published in October 2010

Good Week for Pound, Yet Outlook Remains Uncertain

The Great Britain pound rose this week as the favorable GDP report and the improving consumer confidence caused the speculation that the central bank wouldn’t introduce the additional stimulus to support the economy. The UK gross…

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Canadian Dollar Rises on US and Canadian GDP

The Canadian dollar rose today after the reports showed that the economies of Canada and the US expanded, boosting the demand for the higher-yielding currencies. Canada’s gross domestic product increased by 0.3% percent in August, following…

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Consumer Confidence in UK Improves, Supporting Pound

The consumer confidence in the UK unexpectedly improved this month, supporting the Great Britain pound and possibly allowing it to post the weekly gain after the previous streak of the losses. GfK NOP Consumer Confidence…

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BoE May Postpone Quantitative Easing — Pound Rises

The Great Britain pound surged as the report this week showed the faster growth of the UK economy in the third quarter, causing the speculation that the next round of the quantitative easing would be postponed. The Britain’s…

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Yuan Appreciation Slows as Dollar Strengthens

The Chinese yuan fell today to the lowest level in a month after the central bank set the reference rate lower for the third day, fueling the speculation the government would limit the currency’s gains. It looks…

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Fed May Buy Fewer Bonds — Dollar Gains

The US dollar climbed today against all other major currencies on the speculation that the bonds purchases by the Federal Reserve would be less extensive than anticipated. The moves of the dollar recently were…

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