Day: March 4, 2010

March 4
2010

Bank of England’s Decisions Affect Pound’s Performance

The pound remained bearish this week as market sentiment towards assets in the U.K. didn’t manage to improve, after interest rates remained at a record low in the country, according to what most analysts expected to happen for today’s decisions. After interest rates were maintained at 0.5 percent by the Bank of England this Thursday, the pound didn’t manage to revert a negative trend versus most of its main trading partners currencies, as the economic scenario overseas […]

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March 4
2010

Euro Ends Rally on ECB Extended Stimulus

The European single currency posted its first day of decline versus the greenback this week after the regional financial regulator affirmed that some of its stimulus to help the economy to recover will last for as long as they are necessary, declining optimism towards the Eurozone. It wasn’t a surprise that interest rates remained unchanged today in the Eurozone at a record low of 1 percent, but a comment made by European Central Bank President […]

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March 4
2010

Dollar Climbs on Mixed Data, ECB Statement

The EUR/USD currency had a change on its positive trend today despite a fall in the U.S. number of pending home sales, as factory orders rose in North America and mainly thanks to an ECB statement affirming that stimulus will last as long as they are necessary to help the region’s economy to increase its pace of recovery. EUR/USD is falling and currently trades at 1.3565. Pending Home Sales, a forward-looking indicator based on contracts signed in January, […]

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