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Day: March 5, 2013
March 52013
More Downward Pressure on the Canadian Dollar
Once again, the Canadian dollar appears to be struggling. Even though there is a measure of enthusiasm for risk assets today, there is just too much, fundamentally, dragging on the loonie to help it enjoy some of the gains other currencies are seeing against the US dollar today. Even though the euro and pound have seen their earlier rally against the dollar fizzle a bit, they are still gaining against […]
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March 52013
US Dollar Drops as Risk Appetite Returns on Economic Data
Eurozone economic data is providing a jolt to risk assets, and that is sending the US dollar lower today. Also, many Forex traders might be ready to let the dollar weaken, after a run of relative strength. There is a bit of enthusiasm in the markets today, as the Dow Jones Industrial Average reaches an all-time high, and as risk assets in general see demand. In this climate, there isn’t much demand for the US dollar, […]
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March 52013
Threat of Intervention Does Not Stop Yen’s Rally
The Japanese yen continued to rally today even though the threat of an intervention continues to loom over the currency, reducing its attractiveness. The yen inexplicably continues to rally even as the newly appointed Bank of Japan Governor Haruhiko Kuroda said that he is going to ease the monetary policy further. Some analysts say that it is because traders do not expect the central bank to act until Kuroda will officially […]
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March 52013
Retail Sales & RBA Monetary Decision Boost Australian Dollar
The Australian dollar rallied today as retail sales beat expectations in January and the Reserve Bank of Australia left interest rates unchanged. The currency gave away some of its initial gains and erased the rally versus the yen completely. Australian retail sales rose 0.9 percent in January after falling 0.4 percent in the previous month. The analysts’ estimate was 0.4 percent growth. The RBA left its key interest rate at 3 percent […]
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March 52013
Fozzy — Yet Another Hosting from Netherlands
If you are wondering, the other two are Nirvana and HostPlate. Fozzy stands out of other VPS companies pretty well — their website is not only informative and easy to navigate, it is also very attractive and fun to explore. If you felt a need in VPS but was too afraid of various technicalities, Fozzy is a great start that will not scare you off. Their features […]
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