Posts published in March 2013

Yen Posts Weekly Gains Despite Intervention Threat

The Japanese yen rallied this week amid fears caused by the election in Italy and the threat of automatic budget cuts in the United States. The rally surprised some investors as they have expected that the currency…

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Yen Up Against High Beta Currencies

Yen is gaining against high beta currencies today, thanks in large part to concerns about the global economy. A bit of safe haven demand has emerged, and that usually means a higher…

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US Dollar Gains on Downbeat Data Out of Europe

European data released earlier is disappointing, and concerns about the situation are prompting gains for the US dollar. Even though the US economy is recovering at a sluggish pace, and even though the sequester…

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GBP/USD Touches Lowest Since July 2010

The Great Britain pound dropped today after a report showed that the manufacturing sector unexpectedly contracted last month. The currency reached the lowest level since July 2010 against the US dollar.…

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Dollar Ends Month as Best Performer

The US dollar fell against some currencies, including the euro and the pound, but rose against others, including the yen, today. The US currency ended the month as the best performer, supported by fears of global…

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