Posts published in “News”

Canadian Dollar Down on U.S. Discount Rate

After touching the highest rate in February on renewed risk appetite, the Canadian dollar retreated versus its U.S. counterpart after the Federal Reserve raised its discount rate for the first time in three…

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Discount Rate Surprise Fuels Dollar Rally

The dollar touched the highest level in 2010 versus several important currencies this Thursday as the Federal Reserve raised its bank discount rate for loans, spurring demand for assets in the country as the economy seems…

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Pound Suffers as British Economy Struggles to Rebound

The British pound was one of the worst performing currencies today in foreign-exchange markets as its monthly budget deficit for January decreased appeal for assets in the country and fueled speculations that economic stimulus will…

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Chilean Peso Down on U.S. Economic Improvement

The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money,…

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Brazilian Real Profits on National Stocks Advance

The emerging market Brazilian currency advanced today after carnival’s bank holidays, fueled by a rally in the nation’s stocks supported by better than expected data published today in the U.S., allowing the real the reach…

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Dollar Revives Rally on Domestic Data

The dollar gained today versus most of the 16 main traded currencies paring yesterday’s losses as demand for assets in the U.S. rose after several better than expected figures came out in reports…

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Mexican Peso Climbs on Prospective Foreign Investors

The Mexican peso had another day of advance as commodities rose globally and speculations that foreign investors will purchase the nation’s bonds helped the Latin American currency to extend its rally for another…

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