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Canada FinMin: Strong CAD highlights confidence in economy

posted by Avatar twilight 382 days ago in CAD, NZD

Sean Lee: Bjorn, taking a lead off the AUD, I'd say the NZD might even make new highs towards 82ish before tiredness sets in. I simply cannot imaging the NZD... Sean Lee: I agree Lilac. Mention it to Jamie when both London and NY are open as that's ... read more
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Euro Falls Before Greece Sells Bills Amid Restructuring Concern

posted by Avatar twilight 383 days ago in EUR, NZD made popular 383 days ago

New Zealand's currency may be as much as 20 percent overvalued relative to estimates of the equilibrium exchange rate, the International Monetary Fund said. Part of the overvaluation reflects the large positive interest rate differential, ... read more
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Weekly outlook: May 2-6

posted by Avatar twilight 391 days ago in GBP

The UK is to publish its manufacturing PMI, a leading indicator of economic health, as well as industry data on retail sales. Meanwhile, the euro zone is to publish official data on producer price inflation. Also Tuesday, the US is to release ... read more
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AUD/USD opened the European on the daily lows

posted by Avatar twilight 396 days ago in EUR, Commodities made popular 396 days ago

All the major factors were on the AUD side during the two sessions with Gold back above $1500, Oil holding steady and the US equity markets continuing their bullish tone. Is there anything that could stop the current strength of the AUD at present? ... read more
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USD/CHF: Fresh all-time lows below 0.8895

posted by Avatar twilight 401 days ago in CHF made popular 401 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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What If QE2 Ends On Schedule?

posted by Avatar twilight 402 days ago in USD made popular 402 days ago

In the best case, US economy sustains its growth, unemployment improves, inflation is truly tamed (not the way the Fed said, but what main street observes), and interests rate remains low. In that case, stock market will likely rise, and commodities' ... read more
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Interest rates back to fixate investors

posted by Avatar twilight 407 days ago in all made popular 407 days ago

The interest rate issue is at its most obvious on the foreign exchange market, where carry trading has returned. Investors are borrowing in low-yielding currencies to invest in higher-yielding ones. The euro, for example, is at its highest in 15 months ... read more
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C$ softer after factory data; euro debt worries

posted by Avatar twilight 408 days ago in all made popular 408 days ago

[ID:nN14146333] "The (manufacturing) number was pretty weak and manufacturing is still a pretty big fraction of the Canadian economy," said Jacqui Douglas, a currency strategist at TD Securities. "That being said though, I think USD/CAD is mostly being ... read more
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First Reserve forges into copper market with Metallum

posted by Avatar twilight 408 days ago in EUR, Commodities made popular 408 days ago

Reuters reported that private equity firm First Reserve Corporation has squeezed into the tight copper market through its EUR 670 million acquisition of Europe based metal refining and recycling company Metallum. Mr Alex Williams director of First ... read more
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Yen resumes decline vs. dollar as risk appetite sharpens

posted by Avatar twilight 409 days ago in USD, JPY made popular 409 days ago

The yen was also down against the euro, with EUR/JPY surging 0.81% to hit 121.96. Later in the day, the US was to publish government data on retail sales, while the Federal Reserve was to publish its Beige Book. read more
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Yen rebounds against dollar, euro after new earthquake

posted by Avatar twilight 411 days ago in USD, EUR, JPY, AUD made popular 411 days ago

The Bank of Japan (BoJ) is likely to maintain loose monetary policy to help the economy recover from the earthquakes. The BoJ kept rates unchanged at 0.1 percent during its meeting last week. In contrast, the European Central Bank (ECB) on last ... read more
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Dollar turns lower against most rivals, Euro boosted after Trichet

posted by Avatar twilight 425 days ago in EUR

During US morning trade, the greenback was down against the euro, with EUR/USD climbing 0.14% to hit 1.4107 after European Central Bank President Jean-Claude Trichet said inflation rates remained "durably above its price stability target". ... read more