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Day: January 31, 2011
January 312011
Loonie’s Strength Threatens Canadian Economy Carney Says
The Canadian dollar was rising against the US dollar, than sharply dropped, and now is trying to rebound as the global and the domestic fundamentals looks favorable for the currency. The currency slipped against the euro. Mark Carney, the Governor of the Bank of Canada, voiced his concern about the strength of the Canadian currency last week in the interview at the World Economic Forumâs annual meeting: One of the risks to the Canadian economy is persistent strength to the Canadian dollar. We have […]
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January 312011
NZD Benefits from Recovering Economy
The New Zealand dollar rose slightly against its US counterpart as the New Zealand economy slowly recovers from its previous recession. The currency slipped against its Australian counterpart. The economy of New Zealand was hurt by the earthquake in Christchurch region last year, as well as the global recession earlier, and now attempts to recover, benefiting from rising commodity prices. Alan Bollard, the Governor of the Reserve Bank of New Zealand, said: “We […]
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January 312011
Euro Rises with Consumer Prices
The euro rose against the US dollar today after the report showed consumer prices in the Eurozone advanced more than the analysts forecast. The annual inflation in the Eurozone is expected to be 2.4 percent in January 2011 according to a flash estimate issued by Eurostat, the statistical office of the European Union. It was 2.2 percent in December 2010. The median estimate of the economists on Bloomberg was 2.3 percent. EUR/USD advanced today from 1.3578 to 1.3652 […]
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January 312011
EUR/USD Advances as Inflation in Eurozone Accelerates
The dollar fell against the euro today as consumer prices in the Eurozone rose faster than anticipated. The economic growth in the US also gains momentum as was shown by today’s reports. EUR/USD trades currently at about 1.3716. Personal income and spending increased in December by 0.4% and 0.7% respectively. In November, personal income increased 0.4% and personal spending increased 0.3%, based on revised estimates. Spending increased more than 0.6% economists expected, while […]
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January 312011
Forex Bonuses — Ever Got One?
Forex bonuses are quite popular among many online brokers. They attract new traders and help to keep the old traders loyal. A lot of these bonuses are quite useless as they imply a lot of restrictions on withdrawals or are simply too hard to receive. But some bonuses are rather easy to get and either can be freely withdrawn or can be useful even without withdrawing. I’ve received only […]
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