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Day: September 21, 2012
September 212012
Euro Gets Boost on Expectations for Spain
Euro is getting a bit of a boost today, heading higher as optimism about Spain becomes the focus today. Also helping matters for the euro against the US dollar is the continued strength of gold, thanks to its use as an inflation hedge. Spain is expected to reveal a fiscal reform plan next week. The hope is that a reform plan indicates that the embattled country is ready to ask the European Central Bank for a bailout. […]
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September 212012
Canadian Dollar Inches Higher against US Dollar
Canadian dollar is moving a little higher right now, thanks to an appearance by risk appetite. Loonie had been dropping earlier this week on concerns about global economic growth, but now there is a little more optimism, thanks to the latest news out of Spain. Instead of fixating on global economic issues, investors and Forex traders are now turning their attention toward the possible good news coming out […]
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