Mexican Peso Drops with Oil Prices & Higher Unemployment

The Mexican peso weakened today as the debt crisis threats to spread across the Europe, curbing the commodity prices, and on the increasing unemployment rate. Crude oil, the biggest source of the export income, forming about a third…

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Chilean Peso Weakened by Turmoil on Global Markets

The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula. The International Monetary Fund said that Spain…

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Spain and Korea Bring Anxiety on Markets, Aussie Suffers

The Australian dollar extended the decline against its U.S. counterpart and dropped against the euro as the banking crisis in Spain and the conflict between North and South Korea destabilize the markets. The regulators in Spain, supported by the request…

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European Woes Lead to Loonie’s Weakness

The Canadian dollar declined today after the equities and the commodities, including crude oil, fell on the concerns for the European banking system, making the investors less willing to risk and weakening the currencies tied to growth. The MSCI…

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NZ Dollar Down on Risk Aversion Sentiment

The New Zealand dollar dropped versus its U.S. counterpart today to the lowest level since July 2009 as the European troubles and the concerns about the possible escalation of the conflict between North and South Korea…

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Oil Prices Help Russian Ruble

The Russian ruble gained today against the U.S. dollar and the euro after the oil prices stabilized near $70 level, improving the outlook for the economy of Russia, the largest energy exporter in the world. July delivery…

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South African Rand Bolstered by Solid Economic Growth

The South African rand strengthened today versus the euro and the U.S. dollar after the retail sales grew as the central bank has performed the interest rates cuts, leading to the accelerated economic expansion and the stronger…

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Bank’s Bankruptcy in Spain Renewed Concerns for Euro

The euro was weakened today by the renewed concerns about the ability of the European Union’s nations to resolve the region’s debt crisis after the Spain had to step up to support the regional lender. The savings bank…

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Euro’s Movement This Week: Sharp Rise After Decline

The euro was weakened in the first half of this week by the concerns for the sovereign-debt crisis in the European Union but was strengthening against most other major currencies over the second half of the week. The movement…

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Markets Stabilize — Canadian Dollar Goes Up

The Canadian dollar halted its decline to the lowest level against its U.S. counterpart this month and rose today as the turmoil on the equities markets, caused by the European sovereign-debt crisis, receded and the demand for the currencies…

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