Sterling Drops on Consumer Confidence and Budget Cuts

The Great Britain pound fell today against other most-traded currencies as the consumer confidence hasn’t recovered after it tumbled in March and on the concern that the budget cuts, planned by the new government, may…

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Rising Employment Value Strengthens Aussie

The Australian dollar gained against its U.S. counterpart and rose versus the euro after the government reported that the number of people employed in Australia increased more than expected. The employers added 33,700…

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Rand Weakened by Concerns for Demand & Interest Rates

The South African rand weakened today amid the concerns that the fiscal crisis in the European Union will afflict the pace of the global economic recovery, damping the demand for the riskier assets. The rand also weakened…

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Industrial Expansion Aids Mexican Peso

The Mexican peso gained today as the industrial production expanded more than expected signaling about the increasing pace of Mexico’s economic recovery. The industrial production in Mexico expanded 7.6 percent in March from…

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Rising Global Stocks Push Loonie Up

The Canadian dollar extended its advance against the U.S. currency today for the fourth straight day as the rising global equities increased the appeal of the currencies tied to the economic growth. The Standard & Poor’s 500…

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Pound Drops on Concern for U.K. Economic Recovery

The Great Britain pound slid today on the concerns for the risks for the economic recovery in the U.K., signaling about the pressing need to deal with the Britain’s significant budget deficit. The Bank of England is expected to keep…

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Japanese Yen Weakens on Equities & Hopes for Europe’s Recovery

The Japanese yen dropped today against the U.S. dollar and the euro as the outlook for the revival of the European economy and the strong equity markets diminished the demand for the currency as the safe haven. The outlook for the euro became somewhat more…

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Aussie Weaken by Doubts About EU Loan Package

The Australian dollar fell against its U.S. counterpart, erasing its yesterday’s gains, and versus other most-traded currencies on the concerns that the loan package won’t resolve the fiscal crisis in the European Union.…

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Dollar Rises Against Euro as Debt Concerns Return

The U.S. dollar advanced today against the euro, resuming its previous trend after retreating against the common European currency on announcement of the loan package by the EU governments, which failed to alleviate the concern…

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EU Lending Package Boosts Australian Dollar

The Australian dollar rose today against its U.S. counterpart and some other majors after the European policy makers announced their plans to spend almost $1 trillion on the debt purchases to aid…

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