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Gold and Silver See Temporary Loss on Osama bin Laden
May 2, 2011High beta currencies pull back in forex trading Gold and silver saw a temporary loss today as the news of the death of notorious terrorist Osama bin Laden spread around the globe. In a momentary surge of risk appetite, gold and silver saw drops in commodities trading — supporting the U.S. dollar against high beta [...]
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Korean Won Poised for Further Gains
May 1, 2011It was in November 2010 that I last blogged about the South Korean Won. As a result of the standoff with North Korea and a recent flareup in the Eurozone sovereign debt crisis, the Won had plummeted. Still, I viewed these as temporary problems and concluded that, “Ultimately, both the EU fiscal crisis and the [...]
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CAD/USD Parity: Reality or Illusion?
February 15, 2010In January, the Canadian Dollar (aka Loonie) registered its worst monthly performance since June. Many analysts pointed to this as proof that its run was over, after coming tantalizingly close to parity. Others insisted that the decline was only a temporary correction, a mere squaring of positions before the Loonie’