Posts published in April 2012

Franc Rises vs. Euro, Breaks Ceiling

The Swiss franc broke thorough the cap against euro for the first time it was introduced half a year ago. The currency fell against the US dollar for the fourth consecutive trading session. The franc…

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Risk Aversion Sends Canadian Dollar Lower

Canadian dollar is lower today as risk aversion sets in, and risk currencies lose ground. Loonie is down as investors look for ways to preserve their capital as opposed to seeing big…

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Pound Rises vs. Euro on House Prices & Services

The Great Britain pound reached today the highest level in two months against the euro as house prices rose and services industry expanded. The currency retreated against the US dollar after the initial advance.…

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Japanese Yen Rallies Against Other Majors

Japanese yen is rallying against other majors today as risk aversion in the markets prompts an interest in safe haven. The yen is prized for its stability, even though it is a low…

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Euro Recovers from Earlier Pull Back

Earlier euro pulled back on uncertainty about the Federal Reserve minutes, as well as concerns about Spanish debt. As Spanish bond yields rose, the euro dropped. However, things are turning around…

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USD/CAD Falls as Global Economy on Track to Recovery

The Canadian dollar climbed against its US counterpart yesterday and extended the rally today on signs of the global economic recovery. The currency also advanced versus the euro, though retreated a little today, while…

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UK Pound Paring Earlier Losses on US Data

UK pound is paring earlier losses against the US dollar right now, thanks to positive data in the United States, and a return to some level of risk appetite. Manufacturing improved more than…

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