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Day: January 13, 2014
January 132014
Greenback Mixed Against Other Majors
US dollar is mixed today, thanks in large part to confused signals about what’s next for the currency. The latest jobs data was soft, and that has some rethinking the idea that the Federal Reserve will boost its tapering efforts. The Fed might have started the taper, but it’s not likely to step back stimulus further if data remains soft. Even though the US dollar is down […]
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January 132014
UK Pound Drops as Economic Data Disappoints
UK pound is heading lower today, thanks in large part to disappointing economic data. Analysts and others have had high hopes for the United Kingdom, and the disappointing economic news has many selling the pound. A few weeks ago, there were rather high hopes for the pound. Economic data in the United Kingdom was improving, and it appeared that things were picking up and that the Bank of England would be able […]
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