Posts published in November 2011

US Dollar Plummets on Central Bank Coordination

US dollar is down across the board on the latest move by the world’s major central banks to increase liquidity. In an effort to inject confidence in global markets, several central banks are coordinating efforts…

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Brazilian Real Gains Despite Dovish Outlook

The Brazilian real gained today despite the speculation that the central bank will be forced to cut the interest rates further as the global economic growth stalls. China decreased the required amount of cash…

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Mexican Central Bank Plans to Support Peso

The Mexican peso advanced today as the nation’s central bank pledged to support the currency in case it would decline too much. Mexico’s currency exchange commission, which is made up from…

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Canada’s Dollar Rallies to Two-Month Record vs. Euro

The positive sentiment is still present on markets, allowing the Canadian dollar to rise, reaching the highest level since September against the euro. The improving outlook for Europe was followed by the favorable news from…

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US Dollar Index Drops on Optimism

The US dollar index is dropping as optimism returns to the Forex market. High beta currencies are gaining as the Italian bond auction restores some equanimity to Forex traders. Earlier, an Italian bond…

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Another Day of Gains for Rand?

The South African rand gained today as the positive mood prevailed on the Forex market, but later reversed its trend and currently almost erased its earlier gains. The explanation for such reversal may…

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New Zealand Dollar Extends Gains on Optimism

The New Zealand dollar extended its gains today as the positive sentiment continues to reign the Forex market, bolstering the demand for the currencies linked to growth. Italy auctioned its debt today and the results were…

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