Posts published in September 2010

Aussie Drops from Two-Year Record, Remains Strong

The Australian dollar fell today, after reaching the highest level in two years against the US dollar, as the report showed that the new home approvals declined in August, causing the speculation that the central…

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Canadian Dollar Goes Up After Report on GDP

The Canadian dollar rose today for the first time in four days against the dollar and in five days versus the euro after the report showed that the decline of Canada’s economy was in line with the forecasts.…

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Chinese Yuan Depreciates for First Time in 13 Days

The Chinese yuan went down today for the first time in 13 days on the speculation that China wouldn’t increase the pace of the yuan’s appreciation in the response to the US threats of the trade sanctions. The House of Representatives voted…

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Aussie Reaches Parity with Loonie, Rises vs. Greenback

The Australian dollar rose to the highest level in six years against its Canadian counterpart and gained versus the US currency on the outlook for the faster economic growth in China. The Aussie and the loonie are both related…

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Britain’s Pound Falls with Mortgage Approvals

The Great Britain pound fell today and traded near the lowest level in four months against the euro after the report showed that the number of the mortgage approvals in Britain declined, adding to the signs of the slowing…

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Franc Heads to Record vs. Dollar

The Swiss franc rose to the highest level since March 2008 against the US dollar as the report showed that the consumer confidence in the US dropped, increasing the appeal of the Swiss currency as the safe haven. The franc…

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Poor US Macroeconomic Reports Increase Appeal of Yen

The Japanese yen rose today to the highest level against the US dollar since the intervention as the US macroeconomic reports today were worse than most pessimistic forecast promised, increasing the attractiveness of the Japanese…

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