Posts published in January 2014

CAD Gains vs. USD & EUR, Ends Month Weak

The Canadian dollar rose today, rallying for the second session against the US dollar and the euro, as the nation’s economy continued to grow in November. At the same time, the currency retreated versus the Japanese yen following yesterday’s…

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US Dollar Continues to Strengthen

The US dollar continues to strengthen today, in the fact of global uncertainty, and as the Federal Reserve continues tapering efforts. There is a lot helping the greenback right now, and it is little surprise that…

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Euro Struggles as Economy Remains Static

Euro is struggling today as the latest economic data indicates that the situation is still mostly static in the eurozone. The 18-nation currency region continues to fight with unemployment, and the inflation level remains…

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Increasing Trade Surplus Does Not Help NZ Dollar

The New Zealand dollar dropped today even as the nation’s trade surplus widened last month. The increase was smaller than analysts have anticipated and the general market sentiment was less positive…

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Dollar Demonstrates Strength with Help of QE Tapering

The US dollar jumped today as traders digest the news about quantitative easing tapering by the Federal Reserve. Excessive monetary stimulus was detrimental for the dollar and its reduction helped the currency to gain. The Fed…

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Mexican Peso Gains as US Economy Grows

The Mexican peso advanced today as economic growth in the United States improved prospects for Mexico’s exports to its neighbor and the biggest trading partner. US gross domestic product rose 3.2 percent in the fourth…

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