Posts published in August 2012

Bernanke’s Speech Drives Dollar Down

The US dollar closed lower against almost all of the major currencies today after Federal Reserve Chairman Bern Bernanke hinted at the potential quantitative easing. Bernanke was speaking at the Jackson Hole…

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Pound Stronger as House Prices Rise

The Great Britain pound was stronger today after the report showed that UK house prices grew this month more than was anticipated. Consumer confidence remained depressed, but…

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Koruna Hurt by Politics

The Czech koruna dropped today on worries that the government would not be able to implement measures for reducing the nation’s budget deficit because of the political opposition. Prime Minister Petr Necas called…

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Won Falls as Uncertainty Eats Away Risk Appetite

The South Korean won weakened today as uncertainty on the Forex market deterred traders from buying riskier currencies of emerging economies. Investors are looking for Federal Reserve Chairman Ben Bernanke to deliver…

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