Posts published in September 2012

US Dollar Index Slips as ECB Rumors Fly

US dollar index is slipping a bit as ECB rumors about how more liquidity will find be injected into the eurozone with out increasing the money supply. Greenback is…

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Euro Loses Gains on Profit-Taking

Hopes for the coming European Central Bank policy meeting were driving the euro higher today. Yet the rally stalled and then failed completely. As a result, the shared 17-nation currency ended the trading session…

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Won Weakens as US Data Hurts Risk Appetite

The South Korean won weakened today after the US macroeconomic data came out weaker than was predicted by market analysts, reducing demand for riskier currencies among Forex traders. Earlier,…

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Franc Weakened by Falling Swiss GDP

The Swiss franc, which is virtually pegged to the euro, did not follow the shared European currency in gains today. The unexpected decline of the Swiss economy spurred speculations that the Swiss National Bank…

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Aussie Retains Upper Hand on Upbeat RBA

Australian dollar is retaining the upper hand against its major counterparts in currency trading as the Reserve Bank of Australia remains upbeat about the economic situation. The RBA left Australian interest rates…

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UK Pound Weakens on Uncertainty

UK pound is weakening right now on uncertainty. Concerns about what’s next for the British economy, as well as speculation about what will happen with the eurozone, are weighing on the pound today.…

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