Posts published in August 2013

Dollar Ends Week & Month with Gains

The US dollar rallied this week and ended the month with gains against the majority of its most-traded peers as speculations about potential quantitative easing tampering in September continued to push the currency up.…

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Pound Ends Month with Biggest Gains vs. Euro in a Year

The Great Britain ended the month with the biggest gain against the euro in a year as the sterling continued to rise on improving consumer sentiment and increasing house prices. The UK currency ended Friday flat versus…

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Latest Unemployment Report Can’t Help Euro

Pessimism is strong today, and the euro is heading lower as a result. Even a drop in the number of people claiming unemployment in July isn’t helping the euro. The 17-nation currency remains lower as uncertainty prevails,…

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Data from Statistics Norway Makes Krone Weaker

The Norwegian krone fell today as a set of negative reports was released today by Statistics Norway, making the nation’s currency less attractive to traders who prefer to avoid risky assets due to the poor…

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Signs of US Growth Propel Dollar Higher

The US dollar jumped as signs of economic growth in the United States fueled speculations about possible quantitative easing tampering by the Federal Reserve in September. US economic growth accelerated from 1.1 percent…

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