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Day: January 19, 2011
January 192011
US Dollar at November 2010 Levels on Recovery Concerns
The US dollar dropped against the euro for a second day in a row today and reached a new 2-month low against it as the dollar bulls were concerned with the pace of the economy recovery. The US currency is down against all other major currencies except Canadian dollar, following the report on US housing starts and building permits. The seasonally adjusted annual rate of the new home starts dropped from 553,000 to 529,000 in December — […]
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January 192011
Swiss Franc Continues Drop vs. Euro on Minister’s Commentary
The Swiss franc continued to fall against the euro today, as the country’s economy minister voiced a concern over the franc’s current strength. Johann Schneider-Ammann, Swiss minister of economy, said at the press briefing in Bern today that the country is in a very good shape compared with the Eurozone but that the overvalued currency still remains a concern as a potential threat. The Swiss franc fell against the euro and the Japanese yen today in a correction that follows […]
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January 192011
British Broker with Rather Strong Disadvantage — Spread Co
Spread Co was added to the list of brokers at EarnForex.com today. It’s based in United Kingdom and is regulated by their FSA. Overall, it’s quite an interesting broker — they offer not only the standard spot Forex trading, but also CFDs, commodities, equities, ETFs, ADRs and spread betting. It’s also quite old — online trading services are offered since 2006. The problem with them is that they […]
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