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Day: January 27, 2014
January 272014
Dollar Index Rises on Global Uncertainty
Global uncertainty is playing its part in gains for the US dollar index today. Safe haven demand is strong for the greenback, and the currency is gaining ground against some of its major counterparts. The US dollar recovered from a two-month against the Japanese yen earlier in trading, and is now gaining ground. Additionally, the greenback is higher against the euro, after dropping earlier. Right now, the US dollar is a bit […]
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January 272014
Euro Pulls Back After Earlier Success
Euro is pulling back today after earlier success against its major counterparts. Even though business confidence rose in Germany, there are enough problems elsewhere in the eurozone that the 18-nation currency is being bogged down today. Earlier today, the euro reached a session high of 1.3717 against the US dollar, gaining just after the Ifo report that business confidence in Germany has risen to a level not […]
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