Posts published in July 2012

Euro Extends Yesterday’s Gains

Euro is extending yesterday’s gains in Forex trading today. Yesterday, the euro got a boost as ECB President Mario Draghi said that everything possible would be done to save the euro.…

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Ringgit Rises on Easing Speculations

The Malaysian ringgit rose today on speculations that central banks of developed nations would ease their monetary policies to cope with economic slowdown. Many analysts expect that the chief of the European…

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Won Climbs as Current Account Reaches Record High

The South Korean won got a boost from favorable domestic fundamentals today. The South Korean current account widened to a record and the nation’s economy continued to grow. The Bank of Korea reported that the current…

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CAD Gains vs. USD & JPY, Falls vs. EUR

The Canadian dollar climbed against the US dollar and the Japanese yen after European Central Bank President Mario Draghi promised that the central bank will support the euro. As one could expect,…

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Pound Climbs as Draghi Spurs Risk Appetite

The Great Britain pound surged today against the US dollar and the Japanese yen after European Central Bank President Mario Draghi said that the Bank would take steps to support the currency.…

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US Dollar Drops in Forex Trading

US dollar is lower in Forex trading today, dropping as traders get excited about Mario Draghi’s comments. The ECB president vowed to save the euro, and that has risk appetite surging,…

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Euro Goosed Higher on Draghi Comments

Euro has jumped higher, goosed by the comments from European Central Bank president Mario Draghi. The ECB’s commitment to the euro is helping the 17-nation currency against the US dollar, and helping spur…

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Yen Threatened by Deflation

The Japanese yen fell against the euro today as demand for a safe haven waned, while investors feared that Japan remains under threat of deflation. It looks like the speculations about the ESM…

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