Day: July 27, 2011

July 27
2011

Brazil Real Loses on FX Tax, Dollar’s Sudden Appreciation

The Brazilian currency demonstrated a biggest drop against the US dollar this year today, as the government introduced a new tax on FX derivatives investments, and the dollar jumped up against the other major currencies. During the day the Brazil real demonstrated a loss of about 2 percent (before returning to current levels), which is the biggest single-day decrease for this currency in more than 12 months. The Brazil authorities will now charge 1 […]

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July 27
2011

AUD Surges Against Everything on Higher Inflation Numbers

The Australian dollar went up against all other major currencies today, as the consumer inflation reports showed higher values than the traders have expected, hinting more hawkish interest rate policy. The Aussie rose against the US dollar, the yen and the euro today after the CPI data for the second quarter of 2011 were released by the Australian Bureau of Statistics. The inflation was reported at 0.9 percent compared to 1.6 percent in Q1 2011. […]

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July 27
2011

Dollar Regains vs. Euro Despite Debt Standoff

The EUR/USD pair declined today, snapping its yesterday’s gains. Neither the bad durable orders report nor the prolonged debt discussions in the Congress could stop that. The dollar’s strength was drawing from some more or less positive news from the debt ceiling discussions (which still doesn’t lead the whole situation anywhere) and the growth of the US crude oil stockpiles. Durable goods orders decreased by 2.1% in June, following 1.9% […]

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