Day: November 11, 2013

November 11
2013

US Dollar Mixed Today on Data From Around the World

Greenback is turning in a mixed performance today as Forex traders process all the recent economic data from around the wold. There’s still a bit of strength for the US dollar from the recent payrolls report, but a bit of risk appetite is appearing on the better economic data out of China, and that is weakening the greenback a little bit. Over the weekend, improving economic data in the United States prompted a rally in the US dollar. The improved […]

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November 11
2013

NZ Dollar Rallies with Help from China, Retreats

The New Zealand dollar was rallying today on positive macroeconomic reports from China, but retreated later and is trading below the opening level as of now. The currency was most likely dragged down by fears of quantitative easing tampering from the US Federal Reserve. China’s inflation accelerated by 0.1 percentage point to 3.2 percent in October, according to the National Bureau of Statistics of China. Industrial production 10.3 percent last month, more […]

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November 11
2013

Protests in Thailand Hurt Baht

Protests in Thailand were weighing on the baht as foreign investors were pulling out capital, concerned by the political unrest. Concerns about potential monetary tightening from the US Federal Reserve made the currency even weaker against the US dollar. Thai politicians were discussing an amnesty to those convicts who were imprisoned for political offenses and this led to demonstrations against the planned amnesty bill. There are concerns that the protest will […]

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November 11
2013

Great Britain Pound: Ready to Break from Range?

The Great Britain pound was moving basically sideways since the middle of September. Can the sterling break from the range or sideways trading will persist in the future? Fundamentals were helping the UK currency, and this week’s macroeconomic reports are also expected to be mostly supportive. Yet the pound was not able to rise above the recent highs even with the help of positive economic data, primarily because recovery was already […]

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