The UK economy remains lethargic, and BoE Governor King is now signaling that inflation may be disregarded in favor of more stimuli. Read More GBP USD Drops to New Yearly Lows on Dovish Bank of England
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Australian Dollar moved sharply lower, as the RBA anticipates growth below trend and see potential to ease policy further. Read More Aussie Dollar Lower as RBA Release Dovish Outlook
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After two days of quiet markets as the New York exchanges were closed due to Hurricane Sandy, traders keenly awaited the release of Friday’s NFPs. Implications of the labor report ranged from whether there would be an extended period of Federal Reserve purchases to who might be elected the next president of the United States. [...]
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The Australian dollar rose against safer currencies, but retreated against the euro today as the sentiment on the Forex market was positive for commodities with higher yield. The minutes of the last central bank’s policy meeting were a negative factor for the currency.(…)Read the rest of Australian Dollar Rallies Despite Dovish Minutes (97 words) Posted on Forex News. Read More Australian Dollar Rallies Despite Dovish Minutes
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The Bank of England Governor Mervyn King failed to signal that more QE is waiting in the wings for the September MPC meeting, which has helped the pound to be one of the strongest movers today along with the yen and the Swedish Krone. Although the Bank revised down the Read More The Pound Adjusts [...]
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The ECB cut its benchmark interest rate by 25 basis points from 1.00% to 0.75%, the lowest since the inception of the European union. Also, the deposit rate was cut to 0. The rate cut was highly anticipated and the euro was already pressured heading into the announcement. More weight was Read More ECB Cuts [...]
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FXstreet.com (San Francisco) – USD/JPY gained ground for a third consecutive day Friday, ending the… For more information, read our latest forex news. Read More USD JPY ends week up 2 persen on dovish BoJ
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The Australian dollar advanced to a fresh monthly high of 1.0068 amid the rebound in risk sentiment, but dovish comments coming out of the Reserve Bank of Australia may dampen the appeal of the high-yielding currency as the central bank sticks to its easing cycle. Indeed, the RBA Minutes highlight the biggest event risk for [...]
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The Canadian dollar ended the week higher against its U.S. counterpart as the Bank of Canada continued to talk up expectations for a rate hike, and the loonie may appreciate further in the following week should the economic docket instill an improved outlook for the region. After keeping the benchmark interest rate at 1.00%, the [...]
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Pound Slams Into a New 6Month Low on Dovish King Comments
Following the central bank’s release, the BoE governor said that inflation will remain above the 2% target for two years, but attempts to subdue inflation could hinder a fragile economy… Read More Pound Slams Into a New 6Month Low on Dovish King Comments
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