Posts published in October 2013

USD/CHF Falls to 19-Month Low, Rebounds

The Swiss franc reached the highest level since February 29, 2012 against the US dollar today as US politicians were unable to agree on the budget. The currency retreated as of now and continues to weaken. Amid…

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Yen Rises with Tankan

The Japanese yen advanced today as the Tankan indices improved, suggesting that the measures to spur economic revival are working. The gains were limited though. The Tankan manufacturing index jumped from 4…

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Euro Drops on Economic Data, Italy

Euro is dropping today, falling against its major counterparts as disappointing economic data, along with the political situation in Italy, weigh on the 17-nation currency. The latest eurozone data isn’t very…

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UK Pound Continues to Gain

UK pound is still benefiting from recent economic news that turned out better than expected, as well as from comments from the new BOE Governor that indicate that…

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