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Euro Rebounding in Forex Trading Today
February 8, 2010EUR/USD moves higher in currency trading The euro is rebounding in forex trading on the currency market today. The 16-nation currency is showing some strength after a couple weeks of taking a beating. Indeed, even with sovereign debt concerns of euro zone nations, EUR/USD is moving higher in currency trading. GFT’s Boris Schlossberg offers some [...]
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U.S. Dollar Gains in Forex Trading on Safe Haven Status
February 5, 2010Currency market in risk aversion mode The currency market is in risk aversion mode, sending the U.S. dollar higher in forex trading this morning. The greenback is up against the sterling and the euro in forex trading, as well as against the Japanese yen. Yesterday, risk aversion settled in big as the U.S. stock market [...]
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Sterling Pulls Back in Currency Trading
February 3, 2010U.K. pound pares gains in forex trading The sterling is pulling back in currency trading after reversing higher. After struggling for awhile to maintain its gains, targeting the 1.6075 level, the sterling has finally succumbed. European markets are pulling back right now, and the FTSE 100 is down as well. Additionally, ADP payrolls are putting [...]
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Australian Central Bank Keeps Interest Rate Steady
February 2, 2010Aussie plummets in forex trading The Aussie is plummeting in forex trading on the currency market today, thanks to the decision made by the Reserve Bank of Australia today. Many analysts and forex traders expected the RBA to increase the rate in order to keep a lid on inflation. The decision to hold rates steady [...]
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How an Average Investor Should Use Currency ETFs
March 3, 2009Only three years ago, the first currency exchange traded fund (ETF) was introduced, enabling investors to trade the Euro without having to buy and sell the currency directly.