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Day: April 16, 2010
April 162010
Canadian Dollar Goes Down with Waning Demand for Commodities
The Canadian dollar tumbled today against its U.S. counterpart, erasing the previous gains, and versus the euro after the crude oil’s prices fell and as China is going to cool its economy and put an end to the yuan’s dollar peg. Two days ago the Canadian currency reached the parity with the greenback for the first time since June 2008, but it’s experiencing the sharp drop now, trailing the oil prices. The crude oil is […]
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April 162010
Dollar Goes Up with Need for Safer Currency
The U.S. dollar gained today, benefiting from the rising demand for the safer currencies after the meeting of the European Union’s minister to discuss measures, required to fight the budget deficits, and as China plans to let its currency float. The speculation that Greece may be forced to use its rescue package, provided by the EU governments, makes the investors to shun the euro and look for some safer currency, the dollar being the one of the options. China is going […]
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April 162010
TV Debate Signals Stalemate in Election, Driving Pound Down
The Great Britain’s pound rally against the U.S. dollar halted and its gains versus the euro snapped today as the concern that the forthcoming parliamentary election will result in the stalemate renewed with the greater strength after campaign’s first televised debates. As the election is drawing near the concern about strength of the government becomes more and more prominent, because the government certainly needs to be strong to fight the nation’s record budget shortage. And the prospect for the strong […]
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April 162010
EUR/USD Falls on European Problem and Improved U.S. Housing
The dollar continued to rise versus the euro today as the European problems with Greece prove to be rather unresolvable in the near-term period. Meanwhile, some positive reports about the real estate market in United States spurred some confidence in the U.S. dollar. EUR/USD is now trading near 1.3514. Housing starts rose from the annual seasonally-adjusted rate of 616k to 626k in March, better than the 610k forecast value. Building permits increased […]
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