Posts published in February 2012

Euro Recovers as Greece Accepts Austerity

The euro rose a little against the dollar and the yen today after the Greek parliament agreed on the austerity measures required to get the bailout, easing tensions around Greece and its debt problems. Greek Prime…

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Euro Posts Weekly Gains, Future Remains Uncertain

The euro posts gains this week even though it’s unclear whether Greece would receive the next portion of the planned €130 billion bailout. The future of the euro remains uncertain as a good outcome…

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CAD Drops as Greek Story Takes Troublesome Turn

The Canadian dollar dropped today against the greenback and the Japanese yen, but rose versus the euro, as Greece won’t receive rescue until nation’s leaders would accept deeper budget cuts demanded…

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Unrest in Greece Sends Euro Lower

Unrest in Greece and uncertainty about a Greek bailout deal are weighing on the euro today. Euro is lower as concerns about an incomplete Greek debt deal rise. Additionally, continued strikes in Greece,…

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Pound Goes Higher as PPI Grows

The Great Britain pound rose today as macroeconomic data showed that both input and output Producer Price Index rose in January more than was predicted by analysts. Both input and output…

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Lira Falls as Bailout for Greece Postponed

The Turkish lira fell today as demand for riskier currencies with higher yield was deterred after the European Union held back the next portion of bailout for Greece. EU leaders, who were…

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Rand Falls as Manufacturing Deteriorates

The South African rand declined today as nation’s factory output slowed and before President Jacob Zuma will address lawmakers in his speech in Cape Town today. Manufacturing, which accounts for 15…

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