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USD/CAD eases up as crude oil pares gains in choppy trade

posted by Avatar blitz 360 days ago in CAD

By Forexpros.com Forex Pros The US dollar was slightly higher against its Canadian counterpart on Wednesday, as crude oil, Canada's largest export, pared gains in volatile trade, following the release of disappointing US private sector employment ... read more
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Dollar broadly lower vs. rivals as euro rises on Greece hopes

posted by Avatar blitz 360 days ago in EUR made popular 360 days ago

Forex Pros - The US dollar was broadly lower against its major counterparts on Wednesday, while the euro advanced, boosted by hopes for an agreement on Greek austerity plans and progress towards a bailout package. During European morning trade, ... read more
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GBP/USD hits daily high as U.K. manufacturing data eyed

posted by Avatar blitz 360 days ago in USD made popular 360 days ago

Separate reports showed that manufacturing activity in the Midwest area fell significantly more-than-expected last month, while US consumer confidence fell steeply in May. The data reinforced expectations that the Federal Reserve is unlikely to tighten ... read more
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Sterling near 2-mth high vs euro; UK growth sluggish

posted by Avatar blitz 367 days ago in USD, EUR made popular 367 days ago

Data confirming Britain's economy made a sluggish start to the year as household spending saw its sharpest quarterly fall in almost two years reinforced the view that UK interest rates were unlikely to rise soon. [ID:nAHLOGE7HI] "We believe these ... read more
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Yen Falls Against Euro, Set for Weekly Decline on BOJ Stimulus

posted by Avatar blitz 373 days ago in EUR made popular 373 days ago

The yen has lost 5.4 percent this year in the biggest drop among the 10 developed-nation exchange rates tracked under Bloomberg Correlation-Weighted Currency Indexes. The dollar has fallen 4.7 percent, while the euro has risen 2.8 percent. ... read more
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Trading: Euro$ Testing Bullish Trendline Support

posted by Avatar blitz 374 days ago in EUR made popular 373 days ago

With no Euro-zone data out tonight, we have seen slow, choppy trading across the market; it seems most of the moves in the EUR are coming from the crosses. Although we have selling in recent trade, the overall trend appears to be bullish; ... read more
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UK CPI comes in above expectations

posted by Avatar blitz 375 days ago in EUR, GBP made popular 375 days ago

High CPI was mainly due to VAT increase, energy prices and import prices - ECB's Tumpel-Gugerell reiterated the iew that the ECB did not pre-commit on interest rate. She also added that Europe's financial system had overcome crisis as fewer banks were ... read more
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GBP/USD: Reaches Fibo support at 1.6165 - Commerzbank

posted by Avatar blitz 375 days ago in USD made popular 375 days ago

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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EUROPEAN OPENING NEWS INCLUDING: S&P said an exit by Greece from the European ...

posted by Avatar blitz 383 days ago in EUR, CAD made popular 382 days ago

(RTRS) According to an unnamed PBOC official, China will not stop monetary tightening unless it sees three consecutive monthly declines or stability in consumer inflation or housing prices. He also said that new loans in the first four months of this ... read more
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Australian Dollar Gains as Reserve Bank Says Rate Increase Will Be Needed

posted by Avatar blitz 387 days ago in AUD made popular 387 days ago

(Source: Bloomberg) The Australian dollar advanced after the central bank said it will likely need to raise interest rates at some point as mining investment drives down unemployment and inflation accelerates. The currency rose to $1.0668 as of 11:32 ... read more
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Euro holds firm, sterling whipped by data

posted by Avatar blitz 389 days ago in EUR, GBP made popular 389 days ago

The euro held firm against the dollar early in Asia on Wednesday, but surged against a broadly weaker sterling, which fell as markets pushed out interest rate hike expectations on the back of surprisingly weak UK ... read more
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Will Bin Laden's Capture Be Another Turning Point?

posted by Avatar blitz 389 days ago in USD, EUR, JPY, CAD, Commodities made popular 389 days ago

While the 1990s were the decade of US dominance, America took a back seat in the last decade. The shift in sentiment towards the United States that has taken place during the last 10 years is most clearly evident in the US dollar. ... read more