Posts published in November 2010

Polish Zloty Falls on European Debt & Fitch Statement

The Polish zloty tumbled today on the increasing concerns about the European sovereign-debt and as the Fitch Ratings requested the country to decrease its deficit. The Financial Times Deutschland reported that Eurozone policy makers are…

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Pound Strengthens vs. Franc on King’s Statement

The Great Britain pound rose today against the Swiss franc as the optimistic statement of the central bank’s governor Mervyn King improved the confidence in Britain’s currency. Against other currencies the pound was rather…

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Euro Slips on Strikes in Portugal & Ireland

The euro slipped today as the workers in Portugal and Ireland are planning to go on strike to protest about the planned austerity measures, curbing the appeal of the shared 16-nation European currency. Portugal’s government announced in September…

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New Zealand Dollar Rebound After Decline

The New Zealand dollar strengthened today after two days of decline on the speculation that the previous drop was exaggerated and the global economic growth would bolster the kiwi. The New Zealand currency dropped…

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Dollar Strengthens as US GDP & Manufacturing Expands

The US dollar advanced after the report showed that the US GDP and manufacturing expanded and on concerns for the European debt crisis and the Korean conflict. The preliminary report on the US gross domestic product showed that…

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Euro Slumps as Worries About Debt Crisis Reemerge

The euro experienced the sharp drop today as the optimism about Ireland’s bailout waned and the debt problems in other peripheral economies came to attention. The Irish government announced on the weekend that it would ask…

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Malaysian Ringgit Falls as Economic Growth Slows

The Malaysian ringgit dropped today as the report showed the economic growth in Malaysia, as well as in some other Asian countries, slowed. The government report showed that the Malaysian economic growth slowed compared to the 8.9…

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Swiss Franc Gains on Korean Conflict

The Swiss franc strengthened today after North and South Korea exchanged the artillery fire, increasing demand for the currency as the safe haven. South Korea’s Joint Chiefs of Staff stated that North Korea…

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