Toyota US operations to shut down

Tuesday, 5 April 2011 07:30

A spokesman for Toyota’s U.S. manufacturing operations said Monday that it is inevitable the auto maker will have to shut down temporarily all of its North American factories.

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Euro inflation spikes to 2.6 percent

Thursday, 31 March 2011 02:06

The central bank’s target to keep inflation lower than 2 percent isn’t looking promising as inflation jumped very high for the European currency, a lot higher than the year before and a lot higher than anticipated, to 2.6 percent..

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The Japanese currency depreciates to almost a Year low.

Wednesday, 30 March 2011 11:52

The Japanese yen declines to a 10-month low against the Euro dropping to 116.77 after battling with 116.96 but failing to subdue. This is the weakest that the Japanese currency dropped since May 2010.

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Dollar is Flying, while Yen is looking delicate

Tuesday, 29 March 2011 04:33

Bullard’s discussion in Prague boosts the US Dollar. Useful information for forex traders. EUR/USD was trading at 1.4127 from the time of the previous post and is now trading at 1.4059, resulting in the depreciation of the Euro. As well as the GBP/USD trading at 1.5970..

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Portuguese two notch downgrade causes Euro to sink

Thursday, 24 March 2011 11:21

Portuguese politics weigh the Euro down as the currency falls by 0.6% against the Dollar to a four day low at 1.4069. Moodys downgraded Portugal from A1 to A3 and outlook seems weaker for economic growth.

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