Posts published in August 2010

CAD Extends Decline, Economy Shows No Signs of Improvement

The Canadian dollar extended its decline for the second day as the poor macroeconomic data continues to undermine the attractiveness of the currency to the global investors. This month can be the worst for the Canadian currency since June…

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Signs of Canadian Economy’s Weakness Push Loonie Down

The Canadian dollar fell today as the macroeconomic data slashed the forecasts for Canada’s economic expansion and curbed the demand for the Canadian currency. This month can become the worst month for the loonie since May 2010.…

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Pound Rises vs. Euro, Falls vs. Dollar & Yen

The Great Britain pound rose against the euro at the start of today’s Forex trading session after the British Chambers of Commerce raised its forecast for Britain’s economic growth in this and the next years. The sterling…

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Yen Rises as BOJ May Fail to Limit Currency’s Gains

The Japanese yen rose today as the traders don’t believe that the intervention by the Bank of Japan would be able to keep Japan’s currency from rising further. Japan’s officials stressed the necessity to limit…

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Dollar Demonstrates Mixed Week on Uncertainties

The US dollar posted a mixed week against the other currencies on Forex, as the investors didn’t seem to be certain of which direction to choose on worsening of the economic situation and intervention threats from Japan. The dollar…

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Euro Goes Up as GDP Surpasses Forecasts in US

The euro increased against all of its major rivals today, as the US GDP report signaled that the market participants dug themselves to deep into the pessimism of the risk-aversion and that it’s still a good…

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Japanese Yen Gives Up Some Positions

The Japanese yen gave up some of its recently conquered positions against the other major currencies as the investors continued to hold their bets on the monetary intervention in Japan. Currency intervention looks to be…

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