Posts published in February 2010

Canadian Dollar Benefits from Poor U.S. Data

The Canadian dollar pared some of the losses occurred this week as risk appetite rose significantly before the end of this Friday’s session, allowing the loonie and other currencies tied to growth to outperform a weakened…

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Singapore’s Dollar Gains on Asian and Domestic Economic Data

The Singapore dollar had one of the best weekly performances since the beginning of the year as optimism towards the domestic and regional economies improved, allowing the Singaporean currency to gain towards the weekend. After Singapore’s industrial…

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Budget Deficit Sets Pound to Sharp Fall

The British pound had another week of losses versus currencies from its main trading partners as the emerging budget deficit problems in the country are affecting market confidence among traders, shunning…

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Dollar Drops on Asian Improved Data

The U.S. dollar started this Friday’s trading session losing versus most of the 16 main traded currencies as reports in Asia didn’t confirm mediocre forecasts and brought optimism towards the global economic…

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U.K.’s Pound: New Budget Deficit Victim?

The U.K.’s currency continued to decline as speculations that a new long term crisis is likely to unfold in Britain as concerns regarding the country’s record budget deficit will be a solid obstacle on the way…

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Risk Averse Scenario Moves Loonie Charts

The Canadian dollar slid to the lowest level in two weeks versus its U.S. counterpart as pessimism regarding the global economy is affecting the outlook for currencies linked to growth, as its the case of the loonie, since…

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Yen Benefits on European Risk Aversion

The yen was one of the biggest winners in the beginning of this Thursday’s session in Asia, as risk aversion surging from Europe is attracting investors to the safety profile of the Japanese currency. Speculations that Japanese…

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Euro: The Endless Pit in 2010

The euro has just touched a new record low for 2010 versus the greenback and the yen on speculations that Greece will suffer its first credit downgrade this year, which would follow…

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