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Day: April 9, 2009
April 92009
Euro Posts Small Gain as Economic Conditions Improve
EUR/USD is currently trading with a small daily gain after a rather weird volatility demonstrated yesterday (it posted long spikes both up and down but closed near the open level). The U. S. fundamental released are quite optimistic. Although they should benefit U.S. currency more, the whole risk-aversion decrease favors such currencies as the euro more than such as the dollar. EUR/USD is now […]
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April 92009
Won Once Again Leads in Gain in Asia
The Korean won advanced at a fastest pace among the most-traded Asian currencies today as the risk-aversion that prevailed earlier this week ended unexpectedly and the outlooks for the Asian emerging economies improved. The South Korean currency gained also because the government managed to sell successfully $3 billion worth of the global bonds, which would allow it to hold down the demand for […]
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