Posts published in October 2013

Euro Gains on US News, but Focus Shifts to Austerity

Euro is surging on the news that lawmakers in the United States have come to an agreement to end the shutdown and avert a default. Risk appetite has returned to the markets as Forex traders greet the news with…

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Canadian Dollar Surges as USA Avoids Default

The Canadian dollar surged after US politicians reached a deal about raising the debt limit and ending the government shutdown. It was a huge relief after the prolonged period of uncertainty and riskier currencies…

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