Posts published in September 2013

Loonie Retreats with Slowing Consumer Inflation

The Canadian dollar dropped today as growth of consumer prices slowed, giving the central bank no incentive to tighten its monetary policy. The currency was also falling on speculations that the previous rally…

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Euro Gets Help from Improved Morale

Euro is getting a little help today, thanks to improved morale in the eurozone. Even though the 17-nation currency is struggling against the US dollar, the euro is higher against some of its…

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Indonesian Rupiah Struggles to Keep Gains

The Indonesian rupiah was another Asian currency that profited from the Federal Reserve announcement, but is moving down right now on speculations that the rally was overdone. The Fed shocked…

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Malaysian Ringgit Head to Best Week Since 1998

The Malaysian ringgit fell today, but still headed to the best weekly rally since 1998 as absence of quantitative easing tampering from the Federal Reserve spurred riskier currencies of emerging markets. The Fed’s…

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