Yen Reinforced by Increasing Concern for Global Recovery

The Japanese yen gained today as the renewed concerns for the global economic recovery draws the investors to the relative safety of the Japanese currency. The Australian Industry Group construction index went down from 53.2 to 46.4…

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Canadian Dollar Gains with Rebound on Global Markets

The Canadian dollar rose today against its U.S. counterpart and some other currencies as the growth of the global stocks and the advance of the commodities increased the attractiveness of the growth-related currencies. The loonie, as the Canadian currency is commonly…

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Euro Recovers Slightly as Equities Rise

The euro rose today as the equities gained, increasing the willingness to risk among the investors and improving the general sentiment on the markets. The Stoxx Europe 600 Index rose for the first day in more than a week. The outlook…

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Aussie Rises on Optimistic Economic Outlook

The Australian dollar gained today after the Reserve Bank of Australia kept the interest rates unchanged and the report showed that the nation’s trade surplus grew. The RBA kept the overnight cash rate target…

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Zloty Rises as Komorowski Wins

The Polish zloty strengthened today after Bronislaw Komorowski won in the presidential election, spurring the hopes that his victory would help to reduce the nation’s budget and to adopt the euro in 2015. According to the final…

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Significant Decline of Australian Dollar This Week

The Australian dollar experienced the significant losses this week on the concerns for the new mining tax, which, while eased somewhat, didn’t go away completely. The Aussie was falling against the U.S. dollar…

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Canadian Dollar Drops on Outlook for Rates & Growth

The Canadian dollar declined today amid the concerns for the economic recovery, which prompted the traders to cut the bets on the increase of the interest rates by the central bank. The concerns were strengthened by the U.S. nonfarm payrolls, which…

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Dollar Drops on Lower Than Expected Nonfarm Payrolls

The U.S. dollar dropped today against the euro as the macroeconomic indicators added to the evidences that the U.S. economic recovery is slowing, decreasing the appeal of the greenback as the safe currency. Nonfarm payrolls were worse…

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Risk Sentiment Improves, Driving Yen Down

The Japanese yen fell today against other most-traded currencies after the Australian government agreed to review the mining taxes, improving the global risk sentiment. The previous Australian Prime Minister Kevin Rudd…

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Mexican Peso Weakens on Bad News From U.S.

The Mexican peso weakened today, falling against the dollar for the whole week, after the reports showed that the index of the pending home sales in the U.S. fell and the jobless claims unexpectedly increased. The U.S. is…

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