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Day: March 13, 2009
March 132009
January Trade Balance Report Doesn’t Help Dollar vs. Euro
EUR/USD continued to grow for the fourth day today despite the better than expected U.S. trade balance deficit and the negative export/import price changes. EUR/USD is now trading near 1.2907 after reaching as high as 1.2956 earlier — the highest level since February 23. Export prices fell by 0.1% in February in U.S. after increasing by 0.5% a month before. Average import prices went down by 0.2% last month […]
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March 132009
New Zealand Dollar Surges to Monthly High
The New Zealand dollar propelled to the monthly high against the U.S. dollar today, rising for the second day, as the stock marked continued to grow globally, improving the appeal of the higher yielding currencies. The Australian counterpart of the NZD also rose today against the other major currencies but not at such a fast pace as the New Zealand dollar. The commodity […]
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