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Day: September 20, 2011
September 202011
Ringgit Falls as Europe Damages Growth Prospects for Asia
The Malaysian ringgit fell today as concerns about the troubles in Europe hurt the outlook for the economic growth in Asia and reduced appeal of the emerging market currencies. The yesterday’s cut of Italy’s credit rating by Standard and Poor’s spurred risk aversion on markets, reducing demand for assets of emerging economies. The Bloomberg-JPMorgan Asia Dollar Index dropped to the lowest level in six months. The Asian Development Bank cut this year’s growth forecast for Asia (with the exception of Japan) […]
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September 202011
Swissie Weakens on Speculation About SNB Intervention
The Swiss franc fell against all but one of most-traded currencies today as Forex traders speculated the Swiss National Bank may adjust the set trading range for the franc in order to support the nation’s exporters. The SNB imposed the ceiling of 1.20 francs per euro on September 6 to support the exporters and protect the nation’s economy from the excessive currency’s strength. The central bank said “it is prepared to buy foreign currency in unlimited quantities”. […]
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September 202011
Cloud VPS from Bulgaria — LinkUpHost
LinkUpHost is a new Forex VPS hosting company that was added to EarnForex.com today. It’s based in Bulgaria and its most notable feature is the cloud VPS hosting. Of course, not everyone needs their VPS to be cloud-hosted (especially, common Forex traders), but such possibility can be a huge advantage for the Forex investment managers, who normally have to trade using several MetaTrader terminals. Their amount […]
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September 202011
European Problems Have Negative Impact on Canada’s Currency
The Canadian dollar weakened today as the sovereign-debt crisis in Europe saps demand for riskier assets and drive commodity prices down, making the Canadian currency less attractive to Forex trading. The currency advanced against the euro. Crude oil, key export of Canada, fell as much as 2.3 percent to $85.92 per barrel in New York. December futures for copper delivery slid 3.8 percent to $3.7825 per pound on COMEX. The Standard & Poorâs 500 […]
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September 202011
EU Ministers’ Meeting Ends Without Result, Euro Slumps
The finance ministers of the European Union countries discussed the European debt problems, particularly the situation in Greece on the weekend, but the meeting ended without any noticeable result. The euro reacted very negatively to the indecisiveness of the European politicians. Greece should convince the EU leaders and the International Monetary Fund that the nation is eligible for the next round of the bailout. So far, it seems, Greece had little success. Swedenâs Finance Minister Anders Borg […]
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