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Day: August 19, 2014
August 192014
Outlook for China’s Manufacturing Boosts Yuan
The Chinese yuan advanced today, reaching the highest level in five months, on forecasts of manufacturing growth in the second biggest economy in the world. Economists expect that both official and private manufacturing reports, released this week, will show readings above 50.0, which would indicate growth of the sector. It looks like the government’s efforts to reinvigorate the economy provided a result. There are also speculations that Russian companies will boost […]
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August 192014
Swissie Drops vs. Dollar, Gains vs. Euro
The Swiss franc slumped along with the euro versus the US dollar today. The Swissie rose against the shared 18-nation currency itself but is slowly losing gains right now. The performance of the Swiss currency was closely correlated to that of the euro since the Swiss National Bank introduced a cap on the franc three years ago. While central banks of some developed countries are planning to tighten their monetary policies, the European […]
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August 192014
EUR/USD Heads Lower on Eurozone Outlook
The eurozone economic recovery continues to be extremely sluggish, resulting in a lower euro today. Concerns about what’s next for the eurozone have the euro weaker against the US dollar, even though the 18-nation currency is holding its own against other counterparts. The latest news out of Germany includes slower growth and Bund yields below 1.0 per cent. As a result of the latest, the ECB will have to continue its loose monetary […]
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August 192014
Growth Forecast Weighs on Kiwi
New Zealand dollar is mostly lower today, following the latest growth forecasts. Kiwi is down as GDP forecasts for the year are adjusted downward, and due to the release of the latest producer prices information. Back in July, the New Zealand dollar hit record highs. Now that is all over as concerns about future growth weigh on the kiwi. The latest GDP forecasts indicate that growth will be slower than […]
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August 192014
US Housing Market Helps Dollar Maintain Gains
The dollar gained on the euro for the second session today as growth of the US housing market beat even optimistic forecasts, supporting the outlook for monetary tightening from the Federal Reserve in relatively near future. Meanwhile, inflation slowed a little, but this did not hurt the performance of the US currency. Both housing starts and building permits exceeded expectations of market analysts. Housing starts were at the seasonally adjusted annual rate of 1,093k in July, up […]
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August 192014
US/UK VPS Hosting Aimed on Forex Traders
eForexVPS is in the business for almost three years now, which can be considered a rather long period for such a new direction as a specialized Forex expert advisor hosting. Unlike many of its competitors, the company has data centers on both continents, which is an advantage for traders and brokers alike. Other features of eForexVPS include: Hosting plans from $11.95 to $124.95 per month. The basic plan includes 15 GB HDD, […]
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