Day: September 18, 2009

September 18
2009

Canadian Dollar Drops From Record High on Stocks

The Canadian currency did not manage to extend its rally that brought the loonie to the highest rate in one year as a corrective movement affected stocks today, influencing the loonie’s outlook negatively. The Canadian dollar is one of the most influenced currencies by stocks and commodities movements, and today, after markets were impacted by pessimism originated in the banking industry, the loonie also witnessed a decline from its highest rate in 2009, as investors […]

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September 18
2009

Dollar Recovers on Banking Sector Concerns

After hitting several lows versus multiple currencies during the past days as risk appetite surged in equities markets, the dollar rebounded slightly towards the end of this week’s session, as concerns regarding the global financial health brought risk aversion once again in evidence. The dollar traded this week at a one-year low versus the euro, the Aussie and the kiwi as confidence towards the world economic recovery brought investors back to higher-yielding options, damping […]

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September 18
2009

Polish Zloty Declines on Central Bank Concerns

The Polish zloty, one of the best performers among the Eastern EU members currencies this year had its rally halted today as the national bank indicated that a strong currency may jeopardize the economic recovery in one of the biggest European nations. Today, the zloty was influenced by a national central bank policy maker, Jan Czekaj, who affirmed that if the Polish currency climbs further, the economic growth of Poland will […]

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September 18
2009

Will the Pound Trade at 1-to-1 Versus the Euro?

The pound continued to decline today versus most of the 16 main traded currencies on concerns that Lloyds Plc financial conditions are far from being sustainable, increasing speculations that the British banking sector may delay an economic recovery in the country. The U.S. dollar touched a two-weeks high versus the pound as the Lloyds Banking Group Plc affirmed that it may exit a government program to insure other positions, leaving room […]

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September 18
2009

UWC — Cypriot Forex Broker with Variable Spreads

UWC (United World Capital) is a rather new Forex broker that offers trading services for currency pairs, CFDs and some major indexes. It offers a very high leverage of 1:500 (which can be quite dangerous for the newbie traders) and also a low minimum for the traders to open an account — only $25. This broker is regulated by CySEC, which is not much compared to NFA, but it’s a lot […]

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