Posts published in July 2013

Mexican Peso Weakens on Fed Tampering Concerns

The Mexican peso declined today as worries that the US Federal Reserve may trim its asset-purchase program made investors unwilling to keep riskier currencies of emerging nations. Traders are worried…

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Ringgit Falls as Traders Sell Malaysian Bonds

The Malaysian ringgit fell today as on concerns about capital outflows and cut of the country’s credit rating. Investors were selling the nation’s bonds as US Treasury yield was rising. Fitch Ratings changed…

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Greenback Gains on ADP and GDP

US dollar is heading higher today, gaining ground as the latest economic data adds to the speculation that the Federal Reserve could begin tapering its asset purchase program sooner rather…

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US Dollar Index Moves Off Recent Lows

US dollar index moved off a recent low as the greenback begins showing signs of strength against its major counterparts. With earlier losses pared and the dollar up on the day, speculation about…

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Aussie Drops on Possibility of a Rate Cut

Easing is an official part of Australian monetary policy right now, and that is causing a drop for the Aussie. The Australian dollar is losing ground against its major counterparts as RBA officials…

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Yen Drops with Industrial Production

The Japanese yen fell today as industrial production declined last month, increasing possibility of additional monetary easing from the central bank. Losses were limited as unemployment shrank more than was…

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