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Day: June 17, 2008
June 172008
U.S. Dollar Continues to on Fall Weak News
EUR/USD went up today but it failed to reach the yesterdays gain or to go above the Thursdays open level. The economic news from U.S. were weak except the Producer Price Index indicator, which benefit for the dollars appreciation is debatable. PPI in May rose 1.4%, while core PPI gained 0.2% during the same period. The forecast values were 1.0% and 0.2% respectively. May increase followed […]
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June 172008
Yuan Appreciates beyond 6.9 per Dollar
The Chinese yuan extended its gain against the U.S. dollar today reaching the 20 percent appreciation since the end of the peg in 2005 as the new meetings of the U.S. and Chinese financial officials will be held soon. The yuans gain for the period since July 21 2005 can be compared with 29 percent gain of euro versus dollar for the same period. Great Britain pound rose […]
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