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Day: March 17, 2009
March 172009
Aussie Rises to New Monthly Maximums
The Australian dollar reached the new monthly maximum the Japanese yen as the stock markets signaled growth for a third day on improved earnings of the banks. The currency experienced a minor decline during the day as the markets reacted on the RBA minutes stating the necessity of the further interest rate cuts. But then the growth followed. The Aussie also fell against […]
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March 172009
EUR/USD Declines for the First Day in 6 after Housing Improves in U.S.
EUR/USD unexpectedly declined for the first day in six after the housing report that was released in U.S. today showed that the American economy will probably be one of the first to recover from the crisis. The euro declined against the dollar in spite of the PPI report that disappointed the USD bulls. EUR/USD is now trading near 1.2954. Building permits were at a seasonally […]
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