Posts published in September 2013

Growing Swiss Economy Does Not Help Franc

The Swiss franc dropped today, falling for the second consecutive day even as last quarter’s economic growth of Switzerland was above economists’ expectations. The weakness was likely caused by signs that the central…

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Euro Heads Lower on ECB Expectations

Euro is mostly lower today, struggling as ECB expectations keep the 17-nation currency down. The currently-low rates are expected to continue, with the announcement coming later this week. All eyes…

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Currency Cap Stays as Long as Needed, Swissie Drops

The Swiss franc fell yesterday and maintained losses today as central bank’s Vice President Jean-Pierre Danthine indicated that the cap on the currency stays as long as the economic situation warrants. The currency managed to register…

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Japanese Yen Lower Across the Board

Japanese yen is lower across the board today, dropping as continued economic stimulus measures keep the currency lower against its major counterparts. With economic stimulus likely to continue in Japan,…

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Better Economic Data Doesn’t Help the Euro Much

The latest economic data isn’t doing much to help the euro today. The 17-nation currency is struggling against its major counterparts, despite the latest report on manufactured goods. There are still…

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