Day: February 23, 2010

February 23
2010

Yen Benefits From Overseas Negative Reports

The Japanese yen, known as the safest bet in forex markets during times of uncertainty, profited today from negative releases in both Europe and North America, allowing the Asian refuge currency to post the sharpest gains versus currencies tied to growth. The trading session started today with new pessimistic figures in Europe, as an important business confidence report published in Germany showed the first slump in this publication for the first time since the EU started […]

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February 23
2010

Global Economic Concerns Impact Loonie’s Price

The sharp and strong economic recovery expected by some analysts for this year has not yet been confirmed, and new concerns regarding the global economic future influenced negatively the demand for Canadian exports and consequently for its currency. The Canadian dollar was affected today by several negative events coming from different parts of the world, which affected not only the loonie but all currencies tied to growth, as the U.S. consumer confidence tumbled […]

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February 23
2010

Dollar Up Despite U.S. Mixed Data

The U.S. currency continued to climb versus the euro despite mixed data being published today in North America, with some considerably bad figures as consumer confidence slumped much below forecasts. The factors behind the euro’s downfall are still much stronger than any eventual turbulence caused by negative reports published today in the U.S. EUR/USD currently trades at 1.3547. Richmond Fed manufacturing index rose to 2 in February, from […]

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February 23
2010

Euro Suffered Again on PIGS Budget Crisis, U.S. Optimism

The euro started another week losing versus its main rivals as traders’ confidence towards investments in the region continued to fall, considering that no concrete solution was proposed to end the fiscal crisis affecting several countries using the single currency. Apart from the usual budget crisis talk with which most of the forex traders are already used to, reports to be released this week from the main Eurozone […]

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