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Australian currency firms on RBA's interest rate outlook

posted by Avatar fxcashmonster 93 days ago in all made popular 93 days ago

... Governor Glenn Stevens said interest-rate settings were "about right". The Australian dollar was trading at $US1.0731, up from $US1.0651 late yesterday. Against the Japanese yen, the Australian currency changed hands at Y86.15, up from Y85.38. read more
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U.S. dollar down on strong German numbers

posted by Avatar fxcashmonster 93 days ago in NZD

In addition, the greenback was lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD retreating 0.0019% to hit 0.9979,AUD/USD climbing 0.64% to hit 1.0705 and NZD/USD advancing 0.58% to hit 0.8339. read more
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Euro Is Yanked From the Slippery Slope!

posted by Avatar fxcashmonster 99 days ago in EUR made popular 99 days ago

You see, if it were merely a safe haven from geopolitical problems or weakening economies, gold wouldn't have rallied on news that calmed the fears in the eurozone But it did, and why did it rally? Because the dollar was getting sold, ... read more
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USD To Benefit From Sticky Price Growth, Sterling To Consolidate

posted by Avatar fxcashmonster 100 days ago in USD, EUR, GBP

In turn, we may get a small rebound over the next 24-hours of trading, and we will continue to call for additional dollar strength as the more robust recovery in the world's largest economy dampens the prospects for additional monetary support. read more
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AUD/USD finds support at 1.0720 back to 1.0750

posted by Avatar fxcashmonster 103 days ago in AUD made popular 103 days ago

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... read more
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Euro zone Dec loan rates rise despite ECB rate cut

posted by Avatar fxcashmonster 114 days ago in all made popular 114 days ago

Euro zone household mortgage rates as well as rates on corporate loans rose in December despite the European Central Bank's cut in official rates, ECB data showed on Thursday. The central bank cut interest rates for the ... read more
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Japan finmin prods BOJ on QE as yen in danger zone

posted by Avatar fxcashmonster 115 days ago in all made popular 114 days ago

The economics minister also called on the central bank to ensure that real interest rates remain low as the US Federal Reserve's commitment to keep its nominal benchmark rate near zero for nearly three more years pushes the dollar lower against the yen ... read more
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Europe Factors-Shares set to dip; EU summit eyed

posted by Avatar fxcashmonster 118 days ago in all made popular 117 days ago

The euro zone's blue chip Euro STOXX 50 index has surged nearly 12 percent over the past six weeks, boosted by rising hopes the worst of the euro zone crisis could be behind. At a summit on Monday, EU leaders will sign off on a permanent rescue fund ... read more
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EUR/JPY, USD/JPY Flows: PM Noda in Davos: To Continue Investing In EFSF Bonds

posted by Avatar fxcashmonster 118 days ago in EUR made popular 118 days ago

PM Noda, speaking by video link said " "Japan ardently wishes for the stabilization of the economy and finance in the European Union." Japan stands ready to help resolve the crisis as soon as possible. Japan has already helped by investing in EFSF ... read more
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US Fed Reserve interest rate news sees gold hit 7-Week high

posted by Avatar fxcashmonster 120 days ago in USD made popular 120 days ago

The US Federal Reserve's announcement to keep interest rates as low as possible until at least 2014, one year later than previously promised, prompted investors to buy gold. INVESTMENT DEMAND to buy gold continued to push wholesale prices higher ... read more
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U.S. Dollar Index Holds Trendline Support, Aussie Overbought

posted by Avatar fxcashmonster 121 days ago in AUD, Economic Indicators

However, as the economic docket is expected to show the US expanding at a faster pace during the last three-months of 2011, the advanced 4Q GDP report could prop up the dollar, and the reserve currency should regain its footing over the near-term as ... read more
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Dollar Drops to Five-Week Low Versus Euro on Fed; Real Rises

posted by Avatar fxcashmonster 121 days ago in USD, EUR made popular 121 days ago

The Canadian dollar strengthened to parity with the greenback for the first time since November. Brazil's real was the best performer against the dollar after the unemployment rate fell to a record low. The Fed's statement reinforced trends that were ... read more