Day: February 3, 2010

February 3
2010

Norway’s Krone Falls on Central Bank Warning

The Norwegian krone slid today versus the world’s main traded currencies, as the nation’s benchmark interest rates were maintained on hold by the nation’s central bank, and are unlikely to be raised as soon as speculators hoped. The krone fell today versus the euro and the U.S. dollar as the Norges Bank stated that a strong currency will delay eventual rate hikes, forcing the Nordic currency down after the crude oil, one of the country’s main exports, […]

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February 3
2010

Canadian Dollar Slides on Stocks, U.S. Data

The Canadian dollar posted its first day of losses this week as risk appetite that fueled its rally since Monday decreased today, forcing markets with strong influence with the loonie down, and consequently erasing the Canadian dollar’s gains versus its U.S. counterpart. Raw materials account for more than half of Canada’s exports revenues, and as energetic commodities didn’t maintain their bullish patterns perceived in the beginning of the week, […]

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February 3
2010

Dollar Pare Losses on Positive Economic Data

The appeal for the U.S. currency surged today after an employment report showed another consecutive improvement suggesting that economic conditions are better in North America than in other wealthy regions around the world. The greenback had its first day of gains this week advancing versus virtually all main traded currencies in foreign-exchange markets as a non-farm payrolls report indicated that employment conditions continued to improve in the U.S., supporting speculations […]

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February 3
2010

EUR/USD Retreats on Positive U.S. Data

After rising since the beginning of this week, the EUR/USD currency pair dropped today as risk aversion returned to markets, making investors to opt for the safety provided by the greenback once again. Positive employment data published today in the U.S. also reiterated the hypothesis that the North American economy is currently more solid than the Eurozone. EUR/USD erased yesterday’s advance totally and currently trades at 1.3918. ADP employment report showed a decline […]

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February 3
2010

Yen Drops as Riskier Assets Gain on Confidence

The yen dropped started this Wednesday dropping versus most of the 16 main trading currencies as renewed risk appetite declined attractiveness for the Japanese currency, known for its safety profile that traders tend to abandon as market sentiment improves. The yen did not manage to pare losses versus the euro in the beginning of this Wednesday’s trading session as speculations forecast that an Eurozone retail sales report will indicate improvements on the bloc’s economic […]

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February 3
2010

Canadian Dollar Extends Gains on Commodities

The Canadian dollar continued to erase last week’s losses versus lower yielding currencies as commodities and stocks rebounded in North America, boosting appeal for Canadian assets as the country’s economy is extremely orientated to raw material exports. The loonie, as the Canadian dollar is known popularly, gained for another day, specially versus its U.S. counterpart and the yen as the crude oil, one of its main exports, advanced further, bringing confidence back among […]

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