Day: February 18, 2010

February 18
2010

Pound Suffers as British Economy Struggles to Rebound

The British pound was one of the worst performing currencies today in foreign-exchange markets as its monthly budget deficit for January decreased appeal for assets in the country and fueled speculations that economic stimulus will be need for a longer period to help the kingdom’s economy to grow. After posting its first budget deficit for January since 1993 this week, the pound declined versus most of the 16 main traded currencies as it signaled that […]

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February 18
2010

Dollar Volatility Rises on Mixed Data

The EUR/USD oscillated considerably today after reaching the lowest price in 9 months as mixed data published in the U.S. caused divergent opinions among traders towards the dollar. Speculations that the Fed might lift economic stimulus and that some investors may start buying back euros allowed to euro to pare some of its early losses. EUR/USD is near its record low for 2010 at 1.3584. Producer Price Index (PPI) […]

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February 18
2010

Chilean Peso Down on U.S. Economic Improvement

The Chilean peso suffered with the side effects of positive reports in North America that attracted traders to purchase assets in the U.S., leaving emerging markets in a second plan for traders to invest their money, despite a considerable level of risk appetite in today’s session. Positive U.S. data in multiple economic sectors as manufacturing and housing combined with a lower deficit in the treasury’s accounts allowed the greenback to gain sharply versus the Chilean peso, as South American […]

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