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Day: June 24, 2009
June 242009
Yen Down After OECD Revealing Forecast
The Japanese yen, often associated as the best performing currency in times of crisis due to its refuge investment profile, lost today as the OECD predicted an unexpected growth to its member countries, spurring demand for high-yielding assets. The Organization for Economic Cooperation and Development stated today that its 30 member nations are expected to grow 0.7 percent next year, after a decline forecast of 4.1 for 2009, […]
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June 242009
Dollar Down on Durable Goods Data Speculation
The U.S. dollar had a day of weak performance losing ground to currencies like the euro and the Australian dollar as speculations that a report to be released this Wednesday will indicate a decrease in durable goods orders, affecting the greenback outlook negatively. The greenback lost significantly against most of the major currencies, as today, a durable goods orders reports is very likely to indicate the second fall in three […]
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