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Euro climbs on positive German data

posted by fahrell 1215 days ago in EUR

The European single currency on Tuesday advanced against the dollar as data revealed an improvement in German business confidence during January, traders said.

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Canadian Currency Appreciates for Fourth Consecutive Session

posted by fahrell 1216 days ago in CAD

Canada’s currency strengthened for a fourth day as oil advanced and rising stock markets worldwide reduced the appeal of the U.S. dollar as a haven.

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Dollar tumbles against euro, pound

posted by fahrell 1216 days ago in USD, EUR, GBP made popular 1216 days ago

The U.S. dollar fell against the euro and the pound Monday after Barclays, one of the UK's biggest banks, issued an upbeat forecast that encouraged investors to seek out higher returns in more risky markets.

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Banks to cut interest on credit cards

posted by fahrell 1218 days ago in Inflation

Twelve credit card and debit card issuers in Taiwan have agreed to lower the interest rates for revolving loans by 1.25 percentage points, with the new rates to be adopted no later than March, the Finance Supervisory Commission (FSC) said Friday.

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Britain plunges into first recession since '91

posted by fahrell 1219 days ago in GBP, GDP

The British economy contracted sharply in the final three months of 2008, shrinking 1.5% compared to the previous quarter, the Office for National Statistics reported Friday.

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Sterling plunges as U.K. recession steepens

posted by fahrell 1219 days ago in GBP, Fundamental

The British pound plunged to a 23-year low Friday against the dollar, undermined as government data confirmed the U.K. economy fell into a deep and potentially long-lasting recession in the final three months of 2008.

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Swiss Franc Grows against Euro

posted by fahrell 1220 days ago in EUR, CHF made popular 1220 days ago

The appeal for the stock markets declined and the low-yielding assets became more attractive, boosting the demand for the Swiss franc against the Euro for a second day, today.

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