Day: March 17, 2010

March 17
2010

EUR/USD Tests New Maximum on Declined PPI

EUR/USD tested its new maximum level since February 9 and then retraced below the daily open level on bad PPI report and mixed oil inventories reports. The maximum has been set before the reports were released and declined before and after the release. The currency pair is now trading near 1.3756. PPI declined by 0.6% in February after going up by 1.4% in January. The median forecast for this index was […]

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March 17
2010

Loonie to Reach Parity with Greenback?

After a rather gloomy start of the year for the loonie as investors returned to the U.S. as its economy picked up in the two moths of 2010, the Canadian dollar is once again making its way towards parity with its U.S. counterpart, as commodities and stocks continue to push its rates up. The Federal Reserve announced today that interest rates in the U.S. will remain on its record low for the following months, causing an exodus of capital […]

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March 17
2010

Dollar Suffers from Fed Rates Policy

The dollar has started this week losing versus important currencies after the Federal Reserve made dovish statements regarding the country’s interest rates outlook, shunning investors to purchase assets in North America, making riskier assets to climb considerably. After the Federal Reserve stated on its interest rates decision today that they shall remain low for an extended period, a number of currencies gained versus the dollar, specially the euro as Standard […]

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