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Canadian Dollar Falls Most in Month as Risk Aversion Increases

posted by Avatar aranel 250 days ago in CAD

Safe-haven flows are going into the US dollar. The Canadian dollar depreciated 1.2 percent to 98.98 cents per US dollar at 2:44 pm in Toronto, compared with 97.81 cents on Sept. 16. Earlier it fell as much as 1.5 percent, the biggest decline since a ... read more
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Dollar Adds To Gains On Increased Safe Haven Demand

posted by Avatar aranel 250 days ago in EUR made popular 250 days ago

During European afternoon trade, the greenback was sharply higher against the euro, with EUR/USD tumbling 1.04% to hit 1.3566. Fears over a possible default by Greece intensified after European Union finance ministers warned that Greece may not receive ... read more
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OPINION: A Basic Income scheme will eliminate poverty in Japan: Ensuring Basic ...

posted by Avatar aranel 251 days ago in JPY made popular 251 days ago

The budget for agriculture aid within the general account amounts to 2.6 trillion JPY [around 30.7 billion USD]. Municipal governments had agriculture expenditure of 3.9 trillion JPY [around 46 billion USD], according to a survey by the Ministry of ... read more
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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CAD

posted by Avatar aranel 253 days ago in EUR, GBP made popular 253 days ago

The next risk event of note for Sterling comes in the early hours of Monday morning with the release of the latest edition of the Rightmove house price survey. Given recent UK housing sector, the survey is unlikely to be Sterling-positive. ... read more
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Crude jumps, ends at 5-wk high on dollar, eyes data

posted by Avatar aranel 256 days ago in Commodities made popular 256 days ago

US crude oil futures rose on Tuesday, ending at the highest level in five weeks as the dollar weakened and forecasters called for weekly data to show a drawdown in crude stocks. Traders shrugged off a lower oil demand ... read more
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Weekly Market Movers - September 12-16

posted by Avatar aranel 258 days ago in USD, GBP, CHF, NZD, Economic Indicators

By putting a floor under EUR/CHF at 1.20, USD/CHF also leaped and EUR/USD felt this as well. UK inflation data: Tuesday, 8:30. Consumer Prices Index increased in July reaching 4.4% from 4.2% in June due to increases in clothing, shoes and fees for ... read more
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USD might struggle as details of Obama's job plan emerges

posted by Avatar aranel 261 days ago in USD, NZD made popular 261 days ago

Cambiste: market is alittle ahead of itself here think a pull back to 1.4000 before lower although the shift In ECB... Sean Lee: Yes Rance, still long.AUD/NZD is definitely an accrued taste as it moves very slowly for long periods but... read more
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Risk aversion causes NZD to struggle

posted by Avatar aranel 265 days ago in NZD

The USD responded in its "safe haven" capacity as opposed to falling on concerns around the US economy. In this backdrop, the risk sensitive NZD and AUD fell 0.3% and 0.7% respectively. The poor US jobs data saw risk assets suffer across the board. ... read more
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Morning FX thoughts - 2 Sept '11

posted by Avatar aranel 268 days ago in NZD made popular 268 days ago

... that occurred during the 2008-2009 recession. Outlook: NZ and Australia are devoid of data today. Ahead of the all important US non farm payrolls expect quiet trading conditions. NZD will likely be pinned between 0.8480 and 0.8530 on the day. ... read more
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AUD/USD retreats from highs on housing data

posted by Avatar aranel 271 days ago in AUD, NZD made popular 271 days ago

Further elaborating on the Aussie's recent retreat from highs earlier, the team at IFR Markets commented: "AUD/NZD selling flows are helping to cap the price action in AUD/USD too. The cross has fallen for 1.2575 to 1.2515 after a few stops were ... read more
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C$ turns higher, rebounds from week low

posted by Avatar aranel 274 days ago in USD, EUR, JPY, CAD

But by 2:38 pm (1838 GMT), the currency CAD=D4 had rebounded to C$0.9845 to the US dollar, or $1.0157, up from C$0.9868 to the US dollar, or $1.0134, at Thursday's close. "The chance of Bernanke coming through with an actual policy recommendation was ... read more
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Loonie lower, as traders await Bernanke speech

posted by Avatar aranel 274 days ago in USD, CAD made popular 274 days ago

TORONTO The Canadian dollar was lower Friday morning as traders look to a widely anticipated speech by US Federal Reserve chairman Ben Bernanke. The loonie fell 0.22 of a cent to 101.12 cents US. There had initially been high hopes that Bernanke ... read more