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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At the start of the week, EUR-USD rose as high as 1.4549. Fed Chief Ben Bernanke had refrained from announcing further stimulus measures last Friday at Jackson Hole, and had painted a relatively rosy picture of the US economy. However, the decision to extend the September FOMC meeting to two Read More EuroScepticism is Growing [...]
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The central bank is set to slash its UK growth forecasts once more and signal that interest rates are going nowhere to safeguard the fragile recovery after continued shocks to global markets. Read More Bank of England to cut UK growth rate again
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George Osborne to tell EU finance ministers that Britain does not intend playing a part in any new bail-out for Greece. Read More Britain wont bail out Greece again says Downing Street
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Greece suffered another humiliating blow on Wednesday night when credit rating agency Moody’s downgraded its rating on Greek bonds even further into junk status. Read More Greece deeper into junk territory as Moodys cuts again
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FXstreet.com (Barcelona) – Euro sell off from 1.4345 high on Friday, failed on its first attempt to… For more information, read our latest forex news. Read More Forex EUR USD recovery short lived, approaching 14000 again
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