Posts published in May 2013

Chilean Peso Drops on Weak GDP Growth

The Chilean peso fell yesterday as Chile’s economic growth trailed forecasts, reinforcing the view that the central bank will cut interest rates soon. Chilean gross domestic product expanded 4.1…

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Dollar Recovers, Remains Vulnerable

The US dollar recovered a bit today after yesterday’s losses, but still remained soft amid speculations that the Federal Reserve may reduce its asset purchase program. Speeches of the Federal…

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UK Pound Gains as Home Prices Rise

Hopes for the UK economy are driving the UK pound higher, especially against the US dollar, today. Rising home prices are providing optimism that the UK economy is improving, and that…

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Taiwan Dollar Attractive for Investors

The Taiwan dollar gained today on signs that nation’s assets were attractive to overseas investors, leading to inflows of foreign funds, and as politicians were planning to review taxes on capital gains. Speculators have…

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Canadian Dollar Slumps as Inflation Decelerates

The Canadian dollar slumped today, touching the lowest level since March against its US peer, as inflation slowed last month, decreasing probability of an interest rate hike from the Bank of Canada.…

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Political Infighting Takes Toll on Euro

Disagreement over the vision of the eurozone is starting to take its toll on the euro. Lack of unified leadership at a time of economic difficult and continued sovereign debt crisis is contributing to the euro hitting a six…

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