Posts published in May 2012

CAD Reaches Lowest Level vs. USD in 2012

The Canadian dollar continued its race down, falling to the lowest level this year against its US peer and to the four-month low versus the Japanese yen, as the situation in Europe does not shows…

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US Dollar Lower Across the Board

Cautious optimism is the watchword today, and that is helping other major currencies against the US dollar. Greenback is lower today as Forex traders find some reasons to look forward,…

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Japanese Leaders Warn on Yen Strength

Japanese yen is on the rise again, heading higher as concerned Forex traders look for safe haven assets. The yen is considered one of the safer currencies, and with all of the turmoil and uncertainty in Europe,…

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Crisis Gives Loonie No Quarter

Europe’s debt story continues to eat away investor’s confidence and, as a result, the Canadian currency continues to suffer. The euro feels even worse, though, and the Canadian dollar reached the highest level in almost…

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Aussie Slumps as Retail Sales Decline

The Australian dollar dipped today as negative report about Australian retails sales added to overall negative sentiment among Forex market participants. The data reinforced opinion that the nation’s central bank…

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Swedish Krona Advances vs. Euro on Rising GDP

The Swedish krona advanced versus the euro today as the nation’s economy expanded last quarter. The currency was down against the US dollar as overall market sentiment remained depressed. Statistics Sweden reported…

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