Posts published in February 2014

UK Data Misses Forecasts, Pound Drops

UK economic data has once again missed forecasts, and that is causing a drop for the pound against nearly all of its major counterparts. Pound is struggling today as traders become…

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Thai Baht Rallies After Elections, Rally Sustainable?

The Thai baht gained today as yesterday’s elections in Thailand ended without any significant violence. The currency is still in danger as political turmoil persisted, endangering the country’s economy and spoiling the investing climate.…

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Poor Start of Week for South Korean Won

The South Korean won dropped today as poor macroeconomic data from China and quantitative easing tapering from the Federal Reserve resulted in risk aversion that hurt currencies of emerging markets. The week…

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QE Tapering Leads to Good Week for US Dollar

The most important event for the US dollar this week was the monetary policy meeting of the Federal Reserve. At first, it looked like the event is not going to help the greenback much, but…

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Yen Ends January on Strong Note

The Japanese yen continued to rise against other most-traded currencies as the market sentiment favored safe assets, making the Japanese currency more attractive for investors. The risk sentiment, which was previously in favor…

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