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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Australia skyrockets to a 29 year high

Monday, 28 March 2011 05:54

The Aussies reached a 29 year high price of 1.0330 against the American Dollar earlier today. A positive attitude seems to prevail so more good news is expected for AUD/USD. The pair is currently trading at 1.0276

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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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British Inflation Jumps

Wednesday, 23 March 2011 02:11

British inflation moved upwards in February by 0.4% from 4.0% to 4.4%.

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Volatile Japanese Currency, US Dollar Frail

Tuesday, 22 March 2011 01:07

Despite the nuclear chaos in Japan, the currency is still holding strong trading at approximately 80 to 81.27 with the US Dollar making the American currency persistantly fragile.

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