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JPY Displays Increases Across the Board
Wednesday, October 28, 2009 GMT
The JPY displayed an increase across all currencies on Wednesday due to investors trimming stretched risk positions in higher-yielding currencies. The stock market also fell following U.S. Data that was weaker than expected.
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USD A Favored Currency VS Higher Yielding Currencies
Tuesday, October 27, 2009 GMT
The dollar remained stable and steady on Tuesday after sharp inclines on Monday, but made very small forward progress as investors ceased from selling the euro and other higher-yielding currencies. On Monday, the euro dropped the most since early August, with a close to 1 percent dip.
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Investors sell off USD following China Report
Monday, October 26, 2009 GMT
With the issuance of a report out of China suggesting that the central bank should increase their holdings in the Japanese Yen and single currency Euro in their foreign reserves, investors sold off the U.S. currency, driving the U.S. down to a new 14-month trough versus the Euro in Asian trading today.
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IBFX to Participate in Middle East Forex Trading Expo
Sunday, October 25, 2009 GMT
Interbank FX, a worldwide provider of online off-exchange retail foreign currency (Forex/FX) trading, today announced its participation in Arabcom group’s fifth annual Middle East Forex Trading Expo and Conference to be held November 17-18 at Jumeirah Emirates Towers Hotel in Dubai.
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China’s Strong GDP helps U.S. Dollar Index
Thursday, October 22, 2009 GMT
The U.S. Dollar Index recovered from recent 14-month lows in Tokyo trading today following the release of information confirming that China’s domestic growth has grown in line with investor and analyst expectation. Third quarter GDP in China rose to 8.9%, and offered traders an excuse for profit-taking on high yielding currencies, including the Australian Dollar and the single currency Euro.
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