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Day: March 14, 2008
March 142008
EU Leaders Include Strong Euro Reference
European leaders decided to include the strong euro reference to their two-day Brussels meeting conclusion, which is to be released today. Earlier today, this conclusion was expected to come out without a notice about the fast appreciation of the euro against the U.S. dollar. But that point didnt please the French delegation including the president Nicolas Sarkozy. The French finance authorities started to insist on some […]
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March 142008
Not a Single Day Without Dollar’s Antirecord
During the last nine days, only one day didnt bring a new absolute record level on EUR/USD; it was last Friday, March 7. Today EUR/USD reached a new maximum value at 1.5687 renewing the yesterdays record at 1.5644. In February seasonally adjusted CPI didnt change at all according the report of the Bureau of Labor Statistics. In January it grew by 0.4% and for this month the majority of the market analysts expected a 0.3% […]
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March 142008
Yuan at Highest Rate since 2005
The Chinese yuan rose to its new highest rate against the U.S. dollar since the end of a currencys peg to the dollar in 2005. The dollar weakened on the international currency market this week as a lot of the disappointing macroeconomic statistics along with the Feds readiness to cut the interest rate pressed on the U.S. currency. Meanwhile high inflation rate in China pressed on the government for a faster […]
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