Posts published in February 2011

Canadian Dollar Rises on Positive GDP Report

The Canadian dollar strengthened today, rising for the fourth straight day against its US counterpart, as the report showed that the Canadian economy grew more than forecast in the last quarter of 2010. Canada’s…

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Japanese Yen — Best Performer This Week

The Japanese yen, together with the Swiss franc, was the best performing currency this weak as the civil unrest in North Africa and Middle East resulted in the uncertainty among traders and caused the shift of sentiment…

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Loonie Reaches Almost 3-Year High on Crude Oil Prices

The Canadian dollar strengthened as crude oil, key export of Canada, posted the biggest weekly gain since 2009 and as recovering Canada’s economy fueled the speculations about the interest rates hike by the Canadian central…

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Sterling Declines as UK Economy Shrinks

The Great Britain pound extended its losses today after the report showed that Britain’s economy shrank more than predicted in the fourth quarter of the last year. Britain’s gross domestic product…

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Japanese Yen Regains Strength After Declining

The Japanese yen rebounded today after it weakened on the speculation that the tensions in Libya has eased and that the Japanese currency is overbought. Specialists say that the unrest in North Africa and Middle…

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Pound Slumps as Sales & Consumer Confidence Decline

The Great Britain pound tumbled as the reports showed that the UK economic recovery stalled and the political unrest in the countries of North Africa and Middle East drove traders away from riskier assets. The CBI’s…

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Swiss Franc Rise to Record as Traders Shun Risk

The Swiss franc rallied to the record against the US dollar as the attempts of Libyan leader Muammar al-Gaddafi caused traders to avoid risk. The Swiss franc is considered to be a safe currency, attractive in times…

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