Posts published in July 2011

No Need for Safety, Franc Becomes Less Attractive

The Swiss franc dropped today against other most-traded currencies as signs of the global economic recovery and the positive changes with the debt situation in the Eurozone reduced demand for safer assets. Ulrich Leuchtmann, the head…

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Slower Manufacturing Growth Makes Sterling Weaker

The Great Britain pound slipped today as the unexpected drop of the UK manufacturing PMI caused investors to trim their bet on an increase of interest rates by Britain’s central bank. The UK Manufacturing Purchasing Managers’…

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Stocks & Commodities Helps Loonie Erase Losses

The Canadian dollar jumps today for the fourth day, erasing its monthly losses against the US dollar, as the positive outcome of the second Greek vote boosted commodities and stocks, increasing appeal of higher-yielding currencies.…

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