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Day: December 30, 2013
December 302013
Dollar Index Down Today, But Expected to Gain on the Year
Greenback is heading lower today against most of its major counterparts. The dollar index might be up on the year, but today it’s pulling back on disappointing data and better news in other regions. US dollar is struggling today, heading mostly lower as Forex traders assess their positions at the end of the year. The dollar index is a bit lower, following recent economic data. The Institute for Supply Management released […]
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December 302013
Fund Repatriation and Rate Comments Help Euro
As the year draws to a close, the euro continues to gain ground against its major counterparts. Much of the help for the euro comes from comments that another rate cut isn’t likely to be needed to help keep the economy in recovery mode. However, there is also help for the euro from the fact that banks are repatriating funds. Euro zone banks are repatriating their funds as the year draws to a close. Another ECB […]
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