Day: June 26, 2009

June 26
2009

Pound Rebounds as Risk Appetite Drive Investors to British Assets

The British pound had a day of gains versus the euro and the dollar as a new wave of risk appetite struck markets today, influencing investors to purchase assets in British stocks, weighing positively on the national currency. Today’s gains trimmed the pound losses against the euro this week, in the first negative seven-day period in almost two months, as the FTSE 100 Index climbed 1.3 percent, in a wave of optimism […]

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June 26
2009

Dollar Drops on Interest Rate Outlook

The U.S. dollar had a weak performance today losing against most of the major traded currencies, as stocks rose for a third day, mainly in Asia, damping demand for the greenback. The U.S. currency lost today against 14 of the 16 main currencies, after Dallas Federal Reserve Governor Richard Fisher is likely to include in the next central bank statement that interest rates in the United States will […]

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