Posts published in April 2013

Losses of Aussie Ahead of Weekend

The Australian dollar ended Friday with losses as US economic growth disappointed Forex market participants, spoiling their mood and reducing their willingness to buy higher-yielding currencies. The US economy grew…

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Euro at the End of Business Week

The euro ended the last trading day of this week higher against the US dollar, but lower versus the Japanese yen and the Great Britain pound as market participants speculated whether the European Central…

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NZ Dollar Soft Even as Trading Surplus Widens

The New Zealand dollar rallied against its US counterpart today as New Zealand’s trading balance surplus surged above analysts’ expectations. The kiwi trimmed its advance versus the greenback later…

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Good Economic Indicators Result in Rally of CAD

The Canadian dollar rallied yesterday as positive macroeconomic reports made investors willing to risk and buy assets associated with higher yield. The currency maintains the gains today so far. Falling US…

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No Respite for Euro

The euro remained under pressure as continuously bad reports from Europe drive investors away from the region’s assets and make them question if the European Central Bank will act to help…

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US Dollar Struggles After Soft Economic Data

More soft economic data out of the United States is weighing on the US dollar today. Speculation that the economic recovery in the United States is slowing is sending the dollar lower against…

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