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Day: August 5, 2009
August 52009
Brazilian Real Drops After U.S. Reports
After a report in the U.S. indicating that services industries contracted at a faster pace last month, the Brazilian currency witnessed its first decline in over a week, as concerns regarding the global economy affect emergent markets currencies. The Brazilian real posted its first losses in a week, after being the best performing currency among the 16 most traded in foreign-exchange markets. In the United States, further job cuts and a shrinking services industry brought back […]
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August 52009
Mexican Peso Climbs on Credit Rating
The Mexican Peso climbed to a 2-month high after Moody’s stated that the country has a stable outlook for investments, erasing speculations that the country would be downgraded for the first time since 1995. The Mexican peso, together with multiple other emergent-market currencies, is gaining versus the U.S. dollar during the last weeks, and today, Moodyâs Investors Service affirmed that the current country investment profile is stable, lifting doubts […]
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August 52009
Pound Continues Rally Versus Euro and Dollar
The pound is gaining again versus the euro and the dollar as services industry grew and U.K manufacturing jump beyond expectations in July, pushing the pound to the highest level in 9 months. The pound sterling may be climbing its way to pre-crisis levels as positive news for the British economy appeared this week after months of consecutive shrinking numbers and political crisis in the British Isles. Today the pound is trading at the highest level in 9 months […]
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August 52009
Finance Minister Halts Canadian Dollar Rally
The Canadian dollar, which has been gaining heavily versus several most traded currencies, finally stopped its rally after the national Finance Minister affirmed that eventual measures may be taken to damp the rising demand for the loonie, which is already jeopardizing Canadian exports. The Canadian currency was one of the best performing ones since the world started to post more solid signs of economic recovery last month, […]
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August 52009
Windows VPS Hosting at $29.99/Month Zuit
Zuit is another Windows-based VPS hosting company that was added to my site today. It specializes itself in MetaTrader VPS hosting and offers MT4 as a free pre-installed service for all its customers. They don’t offer a real trial periods but have a 30-day moneyback guarantee, which is a kind of a trial offer. As always with the VPS hosting a 99% up-time is claimed. Other highlights of Zuit hosting include: […]
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August 52009
Euro in Correction for 2nd Day on Poor Fundamentals
Two of the three major fundamental indicators of the U.S. economy showed a worse than expected results today in the respective reports, causing EUR/USD to continue its rather slow and uncertain correction on the Forex market. It fell for a second day today, going below the yesterday’s lows. Currently, it’s trading near 1.4369. ADP employment change report showed 371k job losses in July, which is better than 473k reported for June, […]
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