Posts published in December 2010

UK House Prices Decline, Endangering Pound

The Great Britain pound recovered somewhat after it dropped on the speculation that the falling house prices signal about problems in Britain’s economy. According to the Land Registry, the house prices declined 0.6…

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Zloty Appreciates as BGK Sells Euros

The Polish zloty headed to the weekly gain today on the speculation that the state-owned Bank Gospodarstwa Krajowego sold the euros, boosting the Polish currency. According to the unidentified traders, the bank has begun selling at the rate…

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Recovering Economy Increased Appeal of Australian Dollar

The Australian dollar headed today to the highest level since 1982 against its US counterpart as the signs of the faster economic growth in the US increased the appeal of the higher-yielding currencies. The currency declined versus the euro.…

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Can Yuan’s Gains Be Limited by Demands for Slower Appreciation?

The Chinese declined today as the Chinese executives call for a slower appreciation, while criticizing the US for the debasing of its currency and creating asset-bubbles on the emerging markets. Earlier the executives were supporting the end of the yuan’s peg…

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Franc Rallies as Swiss Economy Grows

The Swiss franc rallied today against the US dollar, heading to the record, as the leading economic indicators showed the sustainable economic growth. The KOF Economic Barometer posted a reading of 2.10, which was rather…

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South Korea’s Won Gains vs. Dollar, Fall vs. Euro

The South Korean won rose against the US dollar as the manufacturers confidence improved. The currency slipped versus the euro amid the geopolitical uncertainty. The Bank of Korea reported that the index of the expectations for January went…

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