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Day: May 26, 2010
May 262010
Mexican Peso Drops with Oil Prices & Higher Unemployment
The Mexican peso weakened today as the debt crisis threats to spread across the Europe, curbing the commodity prices, and on the increasing unemployment rate. Crude oil, the biggest source of the export income, forming about a third of the country’s budget, dropped 4.4 percent before settling at $68.75 per barrel today in New York. The unemployment rate climbed to 5.4 percent in April from 4.8 percent in March, while the analysts expected the lower unemployment. USD/MXN traded […]
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May 262010
EUR/USD Drops While U.S. Manufacturing & Home Sales Grows
EUR/USD currency pair extended its decline as U.S. economy recovers with renewed fervor. Increasing number of durable goods orders signals about expanding production, while rising house sales prove that U.S. consumers regained their confidence. EUR/USD trades currently near 1.2236. Durable goods orders showed a significant increase by 2.9%, compared to a zero growth (revised from 1.3% decline) in the previous month. This reading […]
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May 262010
U.S. Windows VPS from Experienced Company PhotonVPS
PhotonVPS is a latest listed Forex VPS service on EarnForex.com. It’s a rather old company that offers not only specialized Windows Forex VPS hosting but also a lot of other hosting types for all kind of needs. Their Windows VPS deserves attention. The basic packages starts from $23.95, it’s easy to set up and control, and the connection is really fast. I had a chance to test it and it took […]
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May 262010
Chilean Peso Weakened by Turmoil on Global Markets
The Chilean peso declined today versus the euro as the global equities and the commodity prices dropped, feeling the impact of the banking troubles in Spain and the conflict on the Korean peninsula. The International Monetary Fund said that Spain is too slow in reinforcing its financial institutions, adding to the concerns about the strength of the European economy. These concerns together with tension between North and South Korea show their negative influence on the markets and on the investors’ risk sentiment, […]
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