Posts published in April 2013

Dollar Drops as Fed Starts Policy Meeting

The US dollar dipped today on speculations that the Federal Reserve will not reduce stimulus as the recent fundamental data was not good enough to warrant tighter policy. The Fed started its…

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Euro Retains Lead on Major Counterparts

Euro is retaining its lead against major counterparts today, even though there are concerns about the eurozone economy. Economic news in other major economies has also been…

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Japanese Yen Gains Ground

Japanese yen is gaining ground today, heading higher against the dollar and making some inroads against the euro. Economic data out of Japan is having an effect as well. The recent Bank…

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Slowing GDP Growth Hurts Taiwan Dollar

The Taiwan dollar weakened today after data showed that the first quarter’s growth of the country’s economy was slower than analysts have anticipated. Taiwan gross domestic product expanded 1.54…

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US Dollar Retreats on Economic Data

Economic data in the United States is prompting a retreat for the US dollar right now. As data continues to disappoint, the greenback heads lower as quantitative easing measures are expected to remain in place. The Federal…

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Dollar Soft vs. Majors, Remains Strong vs. Euro

The US dollar was mostly soft against other major currencies this week as macroeconomic data supported the positive mood of Forex traders. The euro was an exception, falling against the greenback on weak…

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