Posts published in November 2012

Euro Gains Ground on End of Month Flows

Even though there is plenty of disappointing economic news in the eurozone, the euro is managing to head higher today. The main driver is end of the month flows, but there is also…

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Rupee’s Appeal for Investors Increases

The Indian rupee strengthened today amid foreign inflows into the nation’s economy and the positive outlook of investors that increased attractiveness of Indian assets. Global funds purchased $247 million more Indian…

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Dollar Weak, Attempts to Rebound

The US dollar was weak today amid risk appetite of Forex traders, caused by hopes that the US fiscal cliff can be avoided and Europe will be able to resolve its…

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Loonie Pares Losses on New Fiscal Cliff Hopes

Earlier, fears about the United States going over a fiscal cliff sent the Canadian dollar lower. However, hopes are once again on the rise for an agreement to avoid the fiscal cliff, and that is…

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Swedish Krona Rises with Growing GDP

The Swedish krona gained today amid the positive sentiment among Forex traders and after the data showed that the nation’s economy expanded in the third quarter of this year, increasing appeal of the Swedish currency.…

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