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Day: May 14, 2009
May 142009
Indian Rupee Sells as Indian Elections End with Uncertainty
The Indian rupee declined against the U.S. dollar today showing the second bearish day as the countrys parliament elections arent easily predictable about the actual winner that will form the new government. While Indias currency was the definite beneficiary of the recent uprise of the high-yielding assets it suffers greatly now from the double impact of the heightened global risk-aversion and the ongoing […]
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May 142009
Jobless Claims and PPI Rise, EUR/USD Still Down
EUR/USD continued to fall today despite the increase of the producer price index in United States. The number of jobless also grew but thats actually a negative factor for the euro and good for the dollar. EUR/USD is now trading near 1.3560. Both up and down moves were detected during the trading session. PPI went up by 0.3% (seasonally adjusted) in April after by 1.2% in March. Traders […]
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