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Day: December 26, 2011
December 262011
Euro Moves Higher in Holiday Trading
Most Western stock markets may be closed today, but Forex trading is happening nonetheless. Trading is relatively thin, though. Right now the euro is gaining against the US dollar on expectations of an economic recovery for the United States, and possibly the world. Euro is holding the edge in mostly-rangebound trading today, making slightly gains against the US dollar. Euro is also higher against the Japanese yen, and holding […]
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December 262011
Japanese Yen Rises as Exporters See Growth
The Japanese yen is a little higher today, thanks to the strength of Japanese exports and gains made by the Nikkei today. Stock markets in the United States and many other major cities were closed today for holiday, but the Japanese markets were open, and the gains reflected optimism for the economy. Indeed, exporters saw pick up in demand, and rallied on expectations that a recovery in the US economy would mean better success for exporters for the end of 2011 and in the beginning […]
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