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Day: December 23, 2016
December 232016
Swiss Franc Mixed amid Slow Holiday Trading
The Swiss franc was mixed today, rising against the Great Britain pound, falling versus the euro, and staying mostly flat against the US dollar (though the Swiss currency has moved lower versus the greenback just now). The Swissie, as well as most other currencies, did not move far due to slow trading ahead of the holiday. The KOF Economic Barometer stayed at 102.2 in December, the same as the previous month’s reading. That was […]
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December 232016
Euro Gains for Third Day on US Dollar
The euro rose today, gaining for the third straight consecutive session on the US dollar, amid the news that Italy decided to rescue its third-largest bank. Italian cabinet approved a bailout for Monte dei Paschi di Siena, fearing that its downfall may spillover on the rest of the banking sector. As for today’s economic data, the GfK Consumer Climate for Germany showed a reading of 9.9 for January, little changed from the December’s figure of 9.8. France’s […]
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December 232016
Euro Gains for Third Day on US Dollar
The euro rose today, gaining for the third straight consecutive session on the US dollar, amid the news that Italy decided to rescue its third-largest bank. Italian cabinet approved a bailout for Monte dei Paschi di Siena, fearing that its downfall may spillover on the rest of the banking sector. As for today’s economic data, the GfK Consumer Climate for Germany showed a reading of 9.9 for January, little changed from the December’s figure of 9.8. France’s […]
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