Posts published in March 2013

Euro Ends Hard Week with Losses

The euro was trying resisting the forces that were pulling it down, but was largely unsuccessful, falling against other major currencies. This was not a straight move down…

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Yuan Rises with Help of PBoC

The Chinese yuan advanced today as the People’s Bank of China raised its reference rate, allowing the currency to rise. Positive expectations for macroeconomic data from the country also helped the currency. The PBoC set…

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UK Pound Steady as Long Weekend Begins

While the FX market doesn’t close for holidays, equity markets in the United States and Europe are closed for Good Friday, and that is affecting volume. UK pound is mostly steady against…

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Yen Submits to Concerns About Inflation

The Japanese yen has succumbed to concerns about the expected intervention from the Bank of Japan, falling against other most-traded currencies (though rising against the US dollar) after fear came off…

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Euro Bounces as Traders Less Fearful of Cyprus

The euro bounced after fears of financial crisis in Cyprus abated to some degree. The currency advanced versus the US dollar and erased losses against the Japanese yen, but remained soft against the Great…

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Swiss Franc Gains as Uncertainty Remains

The Swiss franc jumped today, suggesting that traders still require a safe haven even as tensions around Cyprus eased somewhat. The rally was rather strong, almost erasing yesterday’s losses…

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Zloty Gains as Cyprus Reopens Banks

The Polish zloty rose today as fears of the financial crisis in Cyprus abated after country’s banks reopened today. The currency may yet be damaged by the unfavorable domestic fundamentals. Cyprus’s banks were…

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