Posts published in November 2010

Australian Dollar Weakens as Business Profits Decline

The Australian dollar dropped today on the concerns about the Korean conflict and the European sovereign-debt. The currency also fell after the report showed that the business profits in Australia unexpectedly declined. The Australian Company Gross…

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Euro Falls After Ireland Receives Bailout

The euro dropped today after Ireland received the aid and the European policy makers ended discussion of the post-2013 bailouts. The currency was also weakened by the concerns about the Korean conflict. Ireland received its…

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US Dollar Strengthens Throughout Week on Demand for Safety

The US dollar strengthened this week as the concerns for the spreading of the European sovereign-debt contagion and the worries about the tensions between North and South Korea boosted the demand for the safer assets. The concerns about the European debt…

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