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Day: March 21, 2013
March 212013
Euro Down on Regional Economic Data
Euro is down pretty much across the board today, heading lower as regional economic data drags on the 17-nation currency. The slide for the eurozone appears to be accelerating, raising concerns about recession, even as countries on the periphery continue to struggle. Markit Economics reports that PMI dropped to 46.5 in March, as opposed to the 47.5 number from February. The news indicates that the rate of decline is on the rise. On top of that, there are still […]
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March 212013
Euro Down on Regional Economic Data
Euro is down pretty much across the board today, heading lower as regional economic data drags on the 17-nation currency. The slide for the eurozone appears to be accelerating, raising concerns about recession, even as countries on the periphery continue to struggle. Markit Economics reports that PMI dropped to 46.5 in March, as opposed to the 47.5 number from February. The news indicates that the rate of decline is on the rise. On top of that, there are still […]
Read more
March 212013
Aussie Recovers to Some Degree after Leadership Spill Request
Aussie dropped earlier in trading as ALP Labor veteran Simon Crean called for a leadership spill. The Australian dollar dropped as political uncertainty reigned in Australia. Concerns about Julia Gillard’s stint as Prime Minister weighed on the Australian dollar, but the Aussie seems to be coming out of it a bit right now, with Gillard’s leadership confirmed. There’s a lot else going on in the world right now, from the new Bank of Japan governor, […]
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March 212013
EUR/USD Drops on European PMI, US Releases
The US dollar strengthened against the single European currency following some bad PMI reports from the eurozone at the opening of today’s session. (Event A on the chart.) EUR/USD recovered some of the losses during later trading but continued its way down following US economic releases. Initial jobless claims rose from 334k to 336k last week. Although it was better than forecast (340k), there was a minor negative […]
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