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Australia Leads Foreign Currencies
April 7, 2010Unlike the U.S. dollar and euro, the Ozzie dollar represents one of the only currencies not facing major problems, says Kathy Lien, director of currency research at GFT Forex. She talks with Shane Oliver, head of investment strategy and chief economist
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Loonie Approaches Parity with the U.S. Dollar
April 6, 2010Canadian dollar makes a push for 1.00 in forex trading Earlier today in currency trading on the forex market, the loonie touched 1.00 against the U.S. dollar, reaching parity for the first time since July 2008. The Canadian dollar promptly fell back below that level in forex trading, but the potential for another run at [...]
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U.S. Dollar Lower in Forex Trading
April 5, 2010Currency trading quiet, but dollar slipping The U.S. dollar is moving lower in forex trading on the currency market as investors and traders look for higher gains in riskier investments. Earlier, the U.S. dollar appeared to be holding its gains from last week. Indeed, the improving U.S. jobs picture gave the U.S. dollar boost due [...]
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U.S. Dollar Higher in Currency Trading
April 2, 2010Forex trading with the greenback The U.S. dollar is higher in currency trading on the FX market this morning, thanks to the news that the U.S. economy added jobs. Indeed, the U.S. saw the biggest boost to jobs in three years. As a result of this news, the U.S. dollar jumped against the sterling and [...]
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Sterling Drops Slightly in Forex Trading
April 2, 2010Forex trading forecast for the U.K. pound The sterling has dropped slightly in forex trading today as the U.S. dollar gains ground. After the employment report in the U.S., showing an increase in job to the economy, the U.K. pound moved a little lower. For the most part, though, the pair is moving sideways. The [...]
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U.S. Sees GDP Revision from 2009 Quarter 4
March 26, 2010U.S. dollar down slightly in forex trading The U.S. government revised the GDP numbers from Quarter 4 of 2009 down to 5.6% from 5.9%. However, that change isn’t enough to affect the largely positive sentiment out there that is offering some risk appetite.
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Forex: USD/CAD jumps 70 pips to two day high
March 26, 2010FXstreet.com (Barcelona) – The US dollar has ridden a 70-pip rally versus the Canadian dollar set… For more information, read our latest forex news.
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Dollar gains on healthcare reform and economic hope
March 25, 2010Sparked by continued optimism about the economic situation and enthusiasm surrounding the passing of the massive healthcare system overhaul, the dollar has surged this week against major currencies and commodities. The dollar has really been driving hard against the Euro thanks to continued instability in many of the leading European Union economies and general uncertainty [...]
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U.S. Dollar Moves Down in Currency Trading
March 25, 2010Forex trading with the U.S. dollar After relative strength, the U.S. dollar is moving lower in currency trading on the FX market. For now, forex traders are assuming that the EU summit will come up with a plan to deal with Greece, and with other sovereign debt problems that may crop up in the region. [...]
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U.S. Dollar Surges in Currency Trading
March 24, 2010Greenback moves higher in forex trading The U.S. dollar is surging in currency trading on the FX market as the debt situation in Europe deteriorates. There may be some furor over health care reform in the U.S., but the Congressional Budget Office says that it should reduce the deficit in the long run, and the [...]
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Why is the Loonie Beating the Aussie?
March 20, 2010It sounds like the beginning to a bad joke, right? But seriously, why is the Canadian Dollar (aka Loonie) beating the Australian Dollar (AUD) when the two currencies are placed head-to-head? The currency markets tend to be very Dollar-Centric, in that they tend to view most currencies relative to the US Dollar (and to a [...]
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Dollar recovers as markets look past Fed decision
March 18, 2010channelnewsasia.com – Boris Schlossberg Dollar recovers as markets look past Fed decision NEW YORK – The dollar traded mostly higher Wednesday, regaining its footing a day after a Federal Reserve decision to keep interest rates at near-zero levels. The euro fetched 1.3735 dollars in New York at 2200 GMT Wednesday, down from 1.3774 late Tuesday. [...]
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Forex: AUD/USD jumps to daily highs after FOMC statement
March 16, 2010FXstreet.com (Barcelona) – The Australian Dollar has jumped against the American Dollar after the… For more information, read our latest forex news.
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U.S. Dollar: How to Trade Fed Meeting
March 16, 2010There are a few reasons why forex traders should be nervous today, but we believe that the rally in the U.S. dollar is a reflection of the market’
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Dollar Returns to Favor as World’s Reserve Currency
March 16, 2010Rumor has it that the Dollar is about to make a run. As the credit crisis slowly subsides, (currency) investors are once again looking at the long-term, and they like what they see when it comes to the Dollar. For those that care to remember, 2008 was a great year for the Dollar, as the [...]
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U.S. Economy is Showing Improvement — U.S. Dollar Strong in Forex Trading
March 4, 2010Fed Beige Book shows improvement in 9 out of 12 districts The U.S. economy is showing improvement, and that is providing a backdrop for a strong dollar in forex trading. Indeed, reports from the Fed’s Beige Book show that 75% of the Fed districts are showing improvement. But enthusiasm is being held in check. GFT’s [...]
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Forex: USD/CAD ends day at the lowest level in more than a month
March 2, 2010FXstreet.com (Córdoba) ‘