Posts published in June 2011

Sixth Quarter of Gains for Yuan

The Chinese yuan posted the sixth straight quarterly gain on the speculation that China will allow the currency to appreciate faster in order to slow growth of consumer prices. The People’s Bank of China increased the reference…

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Canada’s Currency Erases Losses in Big Jump

The Canadian dollar posted a big jump against most of its major counterparts today as the nation’s inflation accelerated much more than was forecast and commodities, including crude oil, advanced. The Canadian…

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US Dollar Loses After Greek Vote

The US dollar fell after the Greek lawmakers supported the proposition of Prime Minister George Papandreou about budget cuts and asset sales, reducing nervousness on markets and erasing attractiveness of the US currency as a safe…

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Korea’s Won Jumps on Inflation Forecast

The South Korean won climbed today as outlook for higher consumer prices growth compared to the previous estimates increased appeal of the nation’s assets. According to the statement of the presidential office, the growth of the consumer-price inflation will…

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Loonie Gets Help from Stocks & Commodities

The Canadian dollar advanced for the second day before the start of the current trading session as the rally of the global stocks and commodities bolstered growth-related currencies. Currently markets are driven by hopes for positive outcome of the austerity…

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Hopes for Greece Bolster Malaysia’s Ringgit

The Asian currencies, including the Malaysian ringgit, rallied today on hopes that debtors will extend maturities of the nation’s debt and the Greek austerity vote will pass. Greece’s Prime Minister George Papandreou…

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