Day: February 8, 2010

February 8
2010

South African Rand Climbs on Commodities Rebound

After a bearish last week that forced emerging market currencies down versus refuge investments in the U.S. and Japan, risk appetite returned timidly today, allowing the South African rand to climb as commodities rebounded. The South African rand topped the list of best performing currencies in the beginning of this week as risk appetite rebounded globally after concern an eventual Greek deficit default decline today after government officials affirmed that […]

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February 8
2010

Canadian Dollar Ends Fall on Housing Starts, Oil

The Canadian currency climbed from the lowest rate in 2010 versus its U.S. counterpart as a positive real state report combined with a slight recovery in the crude oil rates gave strength for the loonie to trade below $1.07 in this start of this week’s session. The roller coaster on equities and commodities rates with alternating sessions of risk aversion and risk appetite is causing strong volatility on the Canadian dollar price, and after touching the lowest […]

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February 8
2010

Do You Read Forex News?

The currency market is affected by many news, which at a first glance not always seem to be related to Forex. Meanwhile there are many types of financial, political and macroeconomic news that influence the Forex trends directly. Forex news is the important part of the fundamental analysis, which is often taken into account by the medium-term and long-term traders. News following is different from news trading as the latter is a form […]

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February 8
2010

Dollar to Gain on Grim Global Outlook

The U.S. dollar profited last week from a wave of uncertainty that brought investors to opt for safer bets in foreign-exchange markets, and this trend might last for a longer period mainly versus European currencies as the economic outlook in the region is far from optimistic. The dollar started February touching new record highs in 2010 versus the euro and gaining sharply versus the pound, as the U.S. economic is providing better figures than other […]

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