Posts published in February 2010

Dollar Post Record Advance Versus Euro on Fed Tone

The dollar ended another week gaining versus the euro and the pound as the economic conditions in North America remain far more attractive than in the other side of the Atlantic, increasing the number of traders who are…

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Polish Zloty Down on European Confidence Decline

The Polish currency fell versus most of the main currencies from outside the European Union as the emerging budget problems in the region and an economic slow down among its trading partners decreased appetite for assets…

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Loonie Up Despite U.S. Discount Rate

The Canadian dollar pared all of its yesterday’s losses versus the U.S. and headed for another weekly increase versus the greenback and most of the main traded currencies as demand for the countries raw materials increased globally.…

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Pounds Meets Abyss on Fiscal Concerns, U.S. Discount Rate

The pound touched the lowest level in 2010 versus the greenback and declined versus most of the 16 main traded currencies as economic stimulus are likely to be maintained in the U.K., considering the slow pace of the nation’s…

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Another Euro Weekly Decline on EU’s Fiscal Crisis

The euro continued to decline for another week versus important currencies around the world as the some of the Eurozone member countries’ budget deficit is shunning investors from the region, considering the economic outlook in other…

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Canadian Dollar Down on U.S. Discount Rate

After touching the highest rate in February on renewed risk appetite, the Canadian dollar retreated versus its U.S. counterpart after the Federal Reserve raised its discount rate for the first time in three…

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Discount Rate Surprise Fuels Dollar Rally

The dollar touched the highest level in 2010 versus several important currencies this Thursday as the Federal Reserve raised its bank discount rate for loans, spurring demand for assets in the country as the economy seems…

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Pound Suffers as British Economy Struggles to Rebound

The British pound was one of the worst performing currencies today in foreign-exchange markets as its monthly budget deficit for January decreased appeal for assets in the country and fueled speculations that economic stimulus will…

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Chilean Peso Down on U.S. Economic Improvement

The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money,…

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