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Day: July 11, 2013
July 112013
Canadian Dollar Surges as Bernanke Indicates More US Stimulus
Canadian dollar is getting a boost today as Ben Bernanke indicates that more stimulus is coming for the US economy. With the news that Fed tapering will likely be later rather than sooner, the loonie is seeing some sharp improvement against the greenback. Loonie reached its highest level against the greenback in three weeks following remarks from Federal Reserve Chair Ben Bernanke. Bernanke indicated […]
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July 112013
US Dollar Plunges on Bernanke Remarks
US dollar is heading lower today, dropping as the latest economy related comments from Federal Reserve Chair Ben Bernanke put recent dollar gains into perspective. Dollar has given back all its recent gains against the euro, and is down against its major counterparts as a result. Recently, with all of the talk of potential tapering of asset purchases, the US dollar has been showing a decent amount […]
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July 112013
EUR/USD Falls Pressed on by Fundamentals
The euro fell against the US dollar today. The first (and major) bearish wave was caused by the release of German wholesale price index report (event A on the chart); the second (and smaller) one was brought by the US fundamentals several hours later. Initial jobless claims unexpectedly jumped up to 360k last week. A small decline from 344k to 340k was expected. (Event B on the chart.) US export and import prices export prices […]
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