Posts published in November 2010

Aussie Reaches Parity with Greenback After Rates Hike

The Australian dollar rose today after the central bank unexpectedly raised the interest rates today, increasing the attractiveness of the nation’s assets. The Reserve Bank of Australia raised its cash rate to 4.75 percent,…

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Canada’s Dollar Gains as Oil Prices Rises

The Canadian dollar gained today against its US counterpart as oil, the main nation’s export, advanced and on the speculation that the quantitative easing by the Federal Reserve would weaken the US currency. The loonie also…

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Dollar Strengthens on PMI & Construction Spending

The dollar gained today after the reports showed that the construction spending and the manufacturing in the US unexpectedly grew and as the speculators closed some of their long positions on the euro ahead of the Federal Open Market Committee…

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China’s Manufacturing Bolsters Rand

China’s manufacturing growth also bolstered the South African rand as it has increased the appeal of the higher-yielding currencies. China Federation of Logistics and Purchasing Purchasing Managers’ Index advanced to 54.7 in October from…

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