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Day: March 12, 2009
March 122009
Yen Gains vs. Dollar for Third Day
The Japanese yen rose against the U.S. dollar for the third day in a row today as the global recession boosted the demand for the «safe haven» currencies, decreasing the attractiveness of the high-yielding assets. The yen also advanced significantly against the euro and the British pound that are vulnerable both to the yen and the dollar during the times […]
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March 122009
Euro is Correcting against Dollar as Fundamentals Show Recession
EUR/USD stopped growing today and the dollar gained slightly against the euro for the first time in three days after the fundamental reports from the United States showed that the worlds biggest economy is still in recession. Currently EUR/USD is trading near 1.2767 after reaching as low as 1.2731 today. Initial jobless claims were at 654k last week — up from 645k reported for a previous week (revised […]
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