Posts published in June 2013

Bernanke Announcement Prompts US Dollar Rally

Yesterday’s policy announcement from the Federal Reserve is boosting the US dollar today as Forex traders look to the removal of a drag on the currency. Yesterday, the Federal Reserve’s FOMC completed a two-day policy meeting…

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Japanese Yen Weakens Against Major Counterparts

Japanese yen is weaker today, dropping against its major counterparts as domestic news weighs on performance. Additionally, USD/JPY is extending gains on the latest news out of the United States. Japanese…

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UK Pound Gets Boost on Prospect to Reduce Easing

Votes to avoid an increase in the Bank of England’s asset buying program are providing support for the pound today. Pound is modestly higher against the US dollar, and the currency has broken a recent losing…

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Aussie Rises with Leading Indicators

The Australian dollar rallied against its US peer as the nation’s leading indicators rose, reducing incentive for the Reserve Bank of Australia to cut interest rates further. The Conference Board Leading Index rose…

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