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Day: January 18, 2008
January 182008
Chilean Peso Gains on Interest Rate Increases Speculation
Chilean peso gained yesterday against other currencies, notably against the U.S. dollar, after the Central Bank of Chile President, José de Gregorio, commented that the bank will have to increase rates again on the next meeting. Now there are two expected events that are supporting Chilean peso on Forex. First one is the expected rate […]
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January 182008
EUR/USD Down for 4th Day
Euro is dropping down against the U.S. dollar for the fourth day in a row now. Declining stock markets force traders to cash out into dollars, increasing the demand for them. Today’s fall is minimal (less than 20 pips), but still keeps euro from rising and dominating over the dollar as it has been doing in 2007. Leading indicators in U.S. released by the Conference Board showed a decrease in December by 0.2% […]
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