Posts published in January 2013

Yen Advances as BoJ Starts Meeting

The Japanese yen advanced against other majors today even as the Bank of Japan has started its two-day policy meeting, which is likely to result in additional monetary easing. The BoJ will…

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Loonie Does Not Manage to Erase Losses Before Close

The Canadian dollar fell amid concerns that global economic growth may not be enough to support demand for commodities and commodity-related currencies. The loonie attempted to rally before the end of the session, but…

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Euro Gives Back Some of Its Gains

Euro is giving back some of its earlier gains today. Over the past few sessions, euro has seen some solid gains. However, as growth concerns about the eurozone assert…

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Risk Aversion Rises, Sending US Dollar Higher

US dollar is heading higher today, thanks to risk aversion in the markets. Disappointing economic news and continued worries about what’s next for the global economy continue to weigh on risk assets. Forex…

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NZD/USD Falls with Lower CPI

The New Zealand dollar dropped against its US counterpart today as consumer prices unexpectedly fell last quarter in New Zealand, adding incentive for the central bank to keep borrowing costs low.…

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Anticipation of Intervention Continues to Drive Yen Down

The Japanese yen continued to weaken today on speculations about an intervention from the central bank and as the risk-on sentiment on the Forex market drove traders to currencies with higher yield. The Bank of Japan policy meeting…

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