Posts published in June 2011

Euro Gains as EU & ECB Supports Currency

The comments of Germany’s Chancellor Angela Merkel about commitment of the European Union members to support the euro helped the currency to rise today. Merkel said that Germany is ready to support the European currency…

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Australian Dollar Weakens on GDP & Trade Balance

The Australian dollar fell against the euro and fluctuated after dropping versus the US dollar and the Japanese yen as the negative impact of the declining GDP and traded balance surplus overshadowed the positive influence of the growing retail…

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Swiss Franc at Record vs. Dollar & Euro

The Swiss franc jumped to the record price against the US dollar and the euro as the signs of stalling global recovery made traders seek safety, drawing them to Switzerland’s currency. US employers added only…

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Canadian Dollar Weakens on GDP & Interest Rates

The Canadian dollar fell today as the negative influence of the current account deficit and unchanged interest rates outweighed the positive influence of the growing economy. The currency advanced against the greenback, which was crippled by the bad…

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Bad US Economy Knocks Dollar Down

The US dollar fell today as the poor macroeconomic reports confirmed the slowdown of the US economy, making an end of the quantitative easing in the near future highly improbable. The seasonally adjusted S&P/Case-Shiller Home Price index…

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