Posts published in August 2012

Dollar Jumps as Ahead of Jackson Hole Symposium

The US dollar rallied against the euro and the Japanese yen yesterday as positive US fundamentals made investors less certain that the Federal Reserve would initiate the third round of quantitative easing. So…

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Aussie Attempts to Hold Ground

The Australian dollar felt downside pressure today as economists believed that fundamentals would not be in favor of the Australian currency. The Aussie lost its gains against the US dollar, but managed…

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UK Pound Consolidates after Recent Gains

UK pound is moving higher, consolidating after yesterday’s gains. Sterling is heading higher today, in line with market movements. However, the pound isn’t making any big moves,…

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Rand Feels Weaker as GDP Trails Forecasts

The South African rand retreated today as nation’s economic growth was slower than investors had hoped for. Nevertheless, the losses were limited as Forex market participants still hope that…

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Prices for Oil Rise, Canadian Dollar Follows

The Canadian dollar advanced as prices for crude oil, the major nation’s export, gained, adding to the appeal of Canadian assets. Traders felt confident enough today to buy the Canadian currency. Futures on crude oil…

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NZ Dollar Down on China’s Industrial Profits

The New Zealand dollar fell today after the report showed that profits of Chinese industrial companies declined, adding to signs of global economic slowdown and damping prospects for New Zealand exports. Industrial…

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