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Day: December 16, 2008
December 162008
Chilean Peso Strengthens on Dollar Weakness
The Chilean currency appreciated to its monthly high against the U.S. dollar yesterday, as the greenback experienced a downfall against the high-yielding currencies and the peso performed better than the other regional currencies. Yesterdays growth of EUR/USD and GBP/USD allowed some of the emerging markets currencies to restore some of their value against the dollar. The Chilean peso was among such currencies and, […]
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December 162008
EUR/USD Soars as Fed Cuts Rate
EUR/USD went up significantly today after the CPI report showed another month of deflation, the housing slid and the Federal Reserve announced that the federal funds rate is reduced. EUR/USD is currently trading near 1.3967. Consumer Price Index (CPI) decreased by 1.7% at a seasonally adjusted rate in November, following 1% decline in October. The overall year-to-year gain is currently at 1.1%. The price decline exceeds the […]
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