Canadian Dollar Goes Up as Oil Prices Rise

The risk appetite improved, boosting the equities, today and the Canadian dollar benefited from this, though the rising oil prices perhaps contributed to the loonie’s strength even more. The Dow Jones Industrial Average…

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Demand for Safety Increases Appeal of Yen

The Japanese yen strengthened today amid the concerns that the austerity measures, planned by the European countries in order to battle the sovereign-debt crisis, might derail the global economic recovery. The troubles in Europe continue influence…

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U.K. Retail Sales Beat Forecast, Pound Rises

The Great Britain pound strengthened today against the U.S. dollar and some other most-traded currencies after the retail sales rose more than expected, suggesting that Britain’s economic recovery is…

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Malaysian Ringgit Falls on European Debt Concerns

The Malaysian ringgit weakened today as the threat of the spreading sovereign-debt crisis in Europe drove the investors to the safety of the U.S. dollar away from the Asian currencies. The Asia Dollar Index slid 0.2 percent and the MSCI…

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Canadian Dollar Rises on Better Risk Sentiment

The Canadian dollar strengthened today, extending its rally against the U.S. dollar for a third day, as the equities rebounded, improving the risk sentiment and increasing the appeal of the currencies tied to growth. The loonie’s moves are…

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Japanese Yen Benefits from Uncertainty on Markets

The Japanese yen strengthened today against most other major currencies, including the U.S. dollar and the euro, as the concerns about the outcome of the European sovereign-debt crisis and the struggling U.S. economic recovery. The rumors about…

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Rising Oil Prices Pushed Russian Ruble Higher

The Russian ruble gained today, reaching the highest level in more than a week against the U.S. dollar, after the prices for crude oil, the main source of the nation’s export revenue, rose. July delivery…

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