Posts published in August 2011

Pound Goes Down as UK Economy Slows

The Great Britain pound weakened against the Japanese yen and slowed its advance versus the US dollar after the report showed the UK economy grew with slower pace in the second quarter. The revised…

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Aussie Recovers on Stevens’ Speech

The Australian dollar strengthened today as the statement of nation’s central bank Governor Glenn Stevens spurred the speculation that the Reserve Bank of Australia won’t cut interest rates. Stevens spoke today to House…

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Will Bernanke Announce QE3? Will Dollar Decline?

The US dollar continued to rise today ahead of tomorrow’s speech of Federal Reserve Chairman Ben S. Bernanke, who is expected to announce a new round of quantitative easing. Some economists believe…

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Euro Falls for Second Day vs. Dollar

The euro fell against the US dollar for the second day and erased gains versus the Swiss franc today as investors are less willing to buy the currency amid signs of problems in Europe and concerns of global…

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Loonie Feels Better with Good Signs from US

The Canadian dollar gained today versus most its major peers as the signs of stronger US economic growth and anticipation of new round of quantitative easing in the US improved prospects for the Canadian currency. Canada…

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Dollar Gains Before Bernanke Speech

The US dollar advanced today against all major currencies as Forex traders expect Federal Reserve Chairman Ben S. Bernanke will signal this week about additional stimulus for the US…

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