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Day: March 25, 2015
March 252015
Aussie Flat vs. Greenback, Retains Losses vs. Other Rivals
The Australian dollar dipped today against its major rivals. While the currency was staying close to the opening level against the US dollar, it retained losses versus other currencies, including the euro. Some analysts attributed the Aussie’s weakness to the strength of the US currency. But the greenback fell after unfavorable economic data from the United States, yet the Australian dollar remained soft against other currencies. The Aussie, being a commodity-related […]
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March 252015
NZ Dollar Bounces During European Session
The New Zealand dollar was falling during the Asian trading session as the nation’s trade surplus did not match expectations, being much smaller than economists have hoped for. Yet the currency bounced during the European session and is hanging close to the opening level now. The New Zealand trade balance demonstrated a surplus of NZ$50 million in February, up from NZ$33 million in January. Still, the value was far below […]
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March 252015
US Dollar Falls After Earlier Rally
US dollar is lower right now, following a rally earlier. Greenback had seen some success after the US inflation report, but now is pulling back. Dollar saw a rally earlier, following an inflation report that had many forex traders speculating that a Federal Reserve rate hike might come sooner after all. However, the rally was short-lived and there are concerns again about […]
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March 252015
EUR/USD Struggles to Maintain Gains
Today, EUR/USD attempted to resume its rally after halting it yesterday. The currency pair got support from the disappointing durable goods orders report yet it still has problems with maintaining the rally. US durable goods orders dropped 1.4% in February contrary to the analysts’ predictions that promised a small increase by 0.3%. The previously reported increase in January was revised negatively from 2.8% to 2.0%. (Event A on the chart.) […]
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March 252015
Neteller Acquires Skrill
On March 23, Optimal Payments Plc (the operator of Neteller) has published the official proposal of acquisition of Skrill Group from CVC Funds (operator of Skrill) and other owners for €1.1 billion (about $1.2 billion at the current rate). On March 24, the same proposal appeared on Skrill’s website. The acquisition is still a subject to regulatory approval from the British Financial Conduct Authority (FCA). The transition of Skrill USA Inc. (the US branch of Skrill) should […]
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