Posts published in September 2013

Czech Koruna Gains as Central Bank Does Not Intervene

The Czech koruna gained today as the nation’s central bank kept monetary policy unchanged and refused to intervene by selling the currency. Chances for an intervention in the future remain high though. The Czech National Bank kept…

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Euro Struggles on Credit Market, Italian Tensions

Euro is struggling today, especially against the US dollar, thanks in large part to the recent developments in the credit market, and due to more trouble in Italy. Concerns about what’s next for the eurozone are…

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NZ Dollar Rebounds on Rate Hike Bets

The New Zealand dollar climbed today, paring yesterday’s losses, on speculations that the nation’s central bank will be the first among banks of developed nations to raise interest rates. Speculators bet…

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Pound Retreats as GDP Misses Forecasts

The Great Britain pound retreated today against the US dollar and erased previous gains versus the Japanese yen as Britain’s economy expanded last quarter slower than was previously estimated. Month-on-month,…

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