Day: February 26, 2010

February 26
2010

Euro Rebounds on Greek Crisis Comments, U.S. Home Sales

The euro had the sharpest gains today this week as speculations that Greece will be bailed out by public lenders associated with worse than expected real state data in the U.S. were supportive for a corrective movement on the euro’s charts. The European single currency is going to end this week with one of the best performances since the beginning of 2010 as German officials mentioned that Greece may be helped financially […]

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February 26
2010

Dollar Down Despite GDP Increase

The U.S. dollar posted its sharpest decline versus the euro today despite a gross domestic product report published today showed growth in the North American economy for last year’s final quarter. Existing home sales slid much beyond forecasts, allowing the euro to pare a good amount of this week’s losses. EUR/USD currently trades at 1.3674. Preliminary GDP report for last year’s fourth quarter showed a growth of 5.9%, from […]

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February 26
2010

Dollar Drops on Asian Improved Data

The U.S. dollar started this Friday’s trading session losing versus most of the 16 main traded currencies as reports in Asia didn’t confirm mediocre forecasts and brought optimism towards the global economic recovery. The dollar fell for a second day after touching the highest price in 2010 versus the euro earlier this week as bank lending improved in the South Pacific region and Japan’s monthly retail sales advanced surprising forecasts and pushing Asian […]

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February 26
2010

New Zealand Dollar Rebouns Slightly on Favorable Trade Balance

The New Zealand dollar has been impacted by a decline in risk appetite globally on growth concerns in Europe and North America, but today, after the country’s trade balance showed a smaller trade deficit, the currency rebounded. The kiwi, as the South Pacific currency is often referred to, rebounded from the lowest rates in almost a month as a decline in the nation’s imports allowed the negative trade balance gap to tighten, being that a favorable reason to allow […]

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February 26
2010

U.K.’s Pound: New Budget Deficit Victim?

The U.K.’s currency continued to decline as speculations that a new long term crisis is likely to unfold in Britain as concerns regarding the country’s record budget deficit will be a solid obstacle on the way for economic recovery, setting the pound down mainly versus refuge currencies. After budget gaps in the Eurozone started to impact the euro’s price last December, the Great Britain is showing itself the new victim of a fiscal crisis that is […]

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February 26
2010

Risk Averse Scenario Moves Loonie Charts

The Canadian dollar slid to the lowest level in two weeks versus its U.S. counterpart as pessimism regarding the global economy is affecting the outlook for currencies linked to growth, as its the case of the loonie, since Canada is one of the world’s leading suppliers of commodities. This Thursday was once again marked by risk aversion as concerns regarding the European economic health are forcing traders to avoid riskier bets in foreign-exchange markets, on speculations that […]

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