Greece faded from the spotlight for a little while, but the erstwhile country is back on center stage as debt talks once again look to be on the verge of collapse. As a result of uncertainty in Greece, and due to other issues in the eurozone, it is little surprise that the euro’s recent rally has lost momentum. (…)Read the rest of Euro Lower as Greece Causes Trouble — Again (139 words) Posted on [...]
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On Wednesday Pound/Dollar traded within 130 pip range. The Cable appreciated first to 1.5775, than lost all gains, dropping to 1.5646 yesterday, in line with the morning positive Interbank sentiment at almost +32%, closing the day at 1.5673. … 23 Vote(s) Read More GBP USD Pushes Up Again, Holding Within Yesterdays Range For Now
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We expect a 25bp cut at Thursday’s ECB meeting, which would bring the refinancing rate down to 1%. We see the risk relating to Thursday’s meeting as skewed towards a 50bp cut (we estimate a 15% chance), while unchanged rates would be a major surprise (we estimate a less than Read More ECB Will Cut [...]
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The Conference Board’s measure of U.S. consumer confidence surged by 15.1 points to 56.0 points in November, which was its highest reading since July. Market expectations had been for a much smaller increase to 44. The jump in November comes after the measure fell 5.5 points to reach a two-year Read More US Consumer Confidence [...]
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The Australian dollar advanced today as risk appetite returned to the Forex market, increasing the attractiveness of the currencies with higher-yield.(…)Read the rest of Aussie Rallies as Traders Again Favor Risk (123 words) Posted on Forex News. Read More Aussie Rallies as Traders Again Favor Risk
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So risk is back on and all is good. Today’s price action has seen EURUSD jump back above 1.33, although it failed at 1.34 and eventually slid back to below 1.3320, but European stocks have seen the biggest moves: The Eurostoxx 50 index was up more than 5% today led Read More The Buoyant Euro [...]
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The Indian rupee rebounded today after seven sessions of decline on the speculation that the central bank will intervene to stem the currency’s losses, but resumed its drop later.(…)Read the rest of Rupee Rebounds as Central Bank Supports Currency, But Falls Again (62 words) Posted on Forex News. Read More Rupee Rebounds as Central Bank Supports Currency, But Falls Again
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The low cross-rate across the ditch has helped New Zealand exporters into Australia, especially the country’s under-pressure manufacturing sector. Although there has been the occasional and short-lived brief spike and dip, the rate has hovered between … 29 Vote(s) Read More Transtasman currency cross rate to head higher again
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The Swiss franc weakened today after the report showed that the inflation in Switzerland unexpectedly declined, spurring the speculation that the central bank may tighten the peg of the Swiss currency to the euro.(…)Read the rest of Franc Drops as CPI Falls, SNB Ready to Intervene Again (96 words) Posted on Forex News. Read More Franc Drops as CPI Falls, SNB Ready to Intervene Again
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Last week, I almost raised a glass to Christine Lagarde. Just for a moment, I thought the Managing Director of the International Monetary Fund had said something sensible and brave. Read More Christine Lagarde highlights again why shes the wrong person to lead the IMF
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