Day: December 22, 2009

December 22
2009

Home Sales Optimism Sets Greenback to Record High

The U.S. currency touched a three-month high versus the European common currency as another favorable report, this time in the real estate sector, attracted more investment towards the recovering North American currency. The dollar gained the most versus the euro and the pound as an existing home sales report beat estimates touching 6.54 million units, an advance from the previous month reading and another evidence that the pace of recovering in the U.S. is accelerating. EUR/USD […]

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December 22
2009

Russian Ruble Rally Halted After OPEC Meeting

The Russian ruble, which gained during the past three days as the crude oil rates advanced globally, had its rally stopped today after decisions taken in an OPEC meeting in Angola, which influenced the oil prices. After the Organization of Petroleum Exporting Countries agreed to maintain its current oil production quotas stable on a meeting held in Angola, the crude oil rates stopped to advance, consequently halting a ruble rally, since Russia […]

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December 22
2009

Canadian Dollar Top Performer on Interest Rates Outlook

The Canadian dollar advanced for a third day in a row after favorable reports showed improving economic conditions in the North American nation, suggesting that interest rates in the country may be hiked sooner than expected. The loonie is ranking among the preferred bets among investors in currency trading this week before a gross domestic report to be published tomorrow indicating a further growth for the Canadian economy according to most of analysts, adding […]

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December 22
2009

Pound Suffers on U.K.’s Recession Numbers

The pound declined today versus the euro and the U.S. dollar as the Great Britain did not manage to find its way out of recession like multiple wealthy nations around the world already did, shunning investors from pound-priced assets in currency and equities markets. U.K.’s Office for National Statistics published today its final gross domestic product figures for this year’s third quarter, showing a decline of 0.2 percent for the kingdom’s economy, […]

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December 22
2009

EUR/USD Bearish Despite Weak U.S. GDP Data

The EUR/USD currency pair continues on a bearish trend despite a rather disappointing final U.S. GDP report for this year’s third quarter, considering that this reading, being the final for this quarter, has less impact among traders then previous ones, specially since the first for each quarter, already show economic conditions in the world’s wealthiest nation. A losing streak started in the beginning of December for the euro is still influencing EUR/USD […]

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