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Day: October 14, 2013
October 142013
Franc Rises Despite Negative Fundamentals
The Swiss franc gained today even as the nation’s Producer Price Index rose last month less than was expected and Swiss National Bank President Thomas Jordan reiterated necessity to keep the cap on the currency. The Swiss PPI rose just 0.1 percent in September from August, while analysts have expected an increase by 0.3 percent. Jordan said during the International Monetary Fund annual meeting this weekend: The minimum exchange […]
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October 142013
Dollar Little Changed as Weekend Does Not Bring Good News
The US dollar was little changed today as an agreement about raising the debt ceiling was not reached over the weekend, but hopes for a consensus among US politicians remain. US politicians were not able to make a deal about increasing the debt limit (at least temporary). There were reports about a progress in the discussion and talks will resume tomorrow. There is not much time left before the deadline on October […]
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