Posts published in July 2010

Zloty Rises as Komorowski Wins

The Polish zloty strengthened today after Bronislaw Komorowski won in the presidential election, spurring the hopes that his victory would help to reduce the nation’s budget and to adopt the euro in 2015. According to the final…

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Significant Decline of Australian Dollar This Week

The Australian dollar experienced the significant losses this week on the concerns for the new mining tax, which, while eased somewhat, didn’t go away completely. The Aussie was falling against the U.S. dollar…

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Canadian Dollar Drops on Outlook for Rates & Growth

The Canadian dollar declined today amid the concerns for the economic recovery, which prompted the traders to cut the bets on the increase of the interest rates by the central bank. The concerns were strengthened by the U.S. nonfarm payrolls, which…

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Dollar Drops on Lower Than Expected Nonfarm Payrolls

The U.S. dollar dropped today against the euro as the macroeconomic indicators added to the evidences that the U.S. economic recovery is slowing, decreasing the appeal of the greenback as the safe currency. Nonfarm payrolls were worse…

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Risk Sentiment Improves, Driving Yen Down

The Japanese yen fell today against other most-traded currencies after the Australian government agreed to review the mining taxes, improving the global risk sentiment. The previous Australian Prime Minister Kevin Rudd…

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Mexican Peso Weakens on Bad News From U.S.

The Mexican peso weakened today, falling against the dollar for the whole week, after the reports showed that the index of the pending home sales in the U.S. fell and the jobless claims unexpectedly increased. The U.S. is…

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Franc Falls, Causing Talks About SNB Intervention

The Swiss franc dropped today against the euro, leading to the speculation that the Swiss National Bank renewed its selling of the franc to prevent the strong currency from harming the economy; the U.S. dollar demonstrated…

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Dollar Goes Down on Signs of Faltering Recovery

The U.S. dollar weakened today on the signs that the economic recovery in the U.S. might slow and as the European fiscal system showed the signs of recovery, damping the appeal of the U.S. currency as the safe haven. The initial jobless…

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Canadian Dollar Declines as Economic Growth Halts

The Canadian dollar fell today to the lowest level since July 7th against the U.S. currency and to the lowest level in more than a month versus the euro after the report showed that Canada’s economic…

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Chilean Peso Falls on Low Economic Activity

The Chilean peso weakened today against the euro as the industrial output and sales rose less than forecast and the mining production fell. Industrial sales grew 0.5 percent compared to the previous year, while…

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