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Canadian dollar hits four-month low on euro zone worries

posted by Avatar AussieTrader 1 day 16 hours ago in CAD made popular 1 day 14 hours ago

The Canadian dollar tumbled to a four-month low against its US counterpart on Friday as investors fretted about Spain's deteriorating finances and a possible Greek exit from the euro. The euro plumbed a 22-month low ... read more
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Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

posted by Avatar AussieTrader 2 days ago in USD, EUR, JPY, GBP, CAD, AUD, NZD

Stocks and commodities are marginally higher, extending yesterday's late-day gains on increased hopes that European leaders will come together in an effort to backstop the region's fledgling economies. While this has eased some of the recent ... read more
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German Inflation Rate Slows To 14-Month Low

posted by Avatar AussieTrader 16 days ago in USD, EUR made popular 16 days ago

Germany has the biggest economy in the Eurozone, and its economic growth and low inflation supports ECB considerations for further interest rate cuts. EUR/USD took a small drop following the lower than expected inflation, continuing earlier session ... read more
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ADP Employment Figure Leads to Dollar Losses

posted by Avatar AussieTrader 24 days ago in JPY, Economic Indicators made popular 24 days ago

Specifically, a worse than expected euro-zone manufacturing PMI followed by a disappointing US ADP Non-Farm Employment Change figure resulted in the USD/JPY tumbling over 50 pips over the course of the day. The pair dropped as low as 80.04 before ... read more
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Loonie-greenback relationship not driven by rates

posted by Avatar AussieTrader 30 days ago in CAD

The relationship between the Canadian and US currencies is not primarily driven by the difference in interest rates as many may think. While rate differentials have been key drivers for currency pairs such as the US dollar/euro, US dollar/yen and ... read more
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Australian Dollar Outlook - 04/12/2012

posted by Avatar AussieTrader 45 days ago in USD, EUR, JPY, CAD, AUD made popular 45 days ago

The AUD was initially sold down to USD1.0226 yesterday morning, its lowest level since Jan 9th, but found some support upon the release of better than expected housing finance data and subsequently rallied throughout most of the afternoon session. read more
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Analysis: Yen could drop further as carry trade picks up steam

posted by Avatar AussieTrader 62 days ago in all made popular 62 days ago

The yen was last in vogue as a cheap global funding vehicle for buying higher-yielding assets in 2005-2008, before the global financial crisis sent investors fleeing to the exits. Now with a global economic recovery slowly picking up steam and Europe's ... read more
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USD Carves Higher Lows, Euro Top Takes Shape Ahead Of April

posted by Avatar AussieTrader 64 days ago in EUR

by David Song of DailyFX The US dollar struggled to hold its ground during the overnight session, but we may see the reserve currency regain its footing during the North American trade as the economic docket is expected to encourage an improved outlook ... read more
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USD/CHF trims losses, easing off two-week low

posted by Avatar AussieTrader 66 days ago in CHF made popular 66 days ago

Concerns over a possible slowdown in growth in the world's second largest economy lingered after global miner BHP Billiton said Tuesday that Chinese demand for iron ore was slackening, sparking concerns that commodity prices could decline. read more
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U.K. Policymakers Split On QE For Second Time

posted by Avatar AussieTrader 66 days ago in GBP

In February, Miles and Posen demanded a GBP 75 billion increase. "The Committee judged that the recent data had evolved in line with its expectations and that there had been little change to the balance of risks to UK activity and inflation," the ... read more
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BNP positive on 2012, hits capital targets

posted by Avatar AussieTrader 102 days ago in all made popular 101 days ago

* Q4 net 765 mln eur vs Rtrs poll 574 mln * 2011 dividend of 1.20 eur/shr, down from 2.10 eur * Euro zone on path to stabilisation, Europe to avoid recession -CEO * Start to the year "quite strong" in investment banking -CEO * Greece provisioned to 75 ... read more
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Cyprus Finance Ministry presents stimulus package

posted by Avatar AussieTrader 112 days ago in Economic Indicators made popular 112 days ago

The Ministry also plans to introduce a vehicles withdrawal scheme totaling 3 million euro. Amid the continuing financial crisis and the weak growth of the Cypriot economy, projected at a mere 0.2% GDP in 2012, the government introduced a series of ... read more