Forex - USD/JPY hits 2-month low on Fed easing hopes, BoJ steps
(ForexPros
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30/04/2012)
The U.S. dollar fell to a two-month low against the yen on Monday, as renewed expectations for further easing measures by the Federal Reserve weighed on the greenback while last week’s monetary steps by the Bank of Japan supported the yen. USD/JPY hit
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Forex: EUR/GBP retreating despite EMU's M3 numbers
(FXstreet
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30/04/2012)
The single currency slid 0.10% against sterling despite positive results from economic indicators of the eurozone during the early hours of the European trading session. The EMU's M3 money supply grew more than expected, reaching 3.2% and 2.8% YoY and 3M
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Forex: USD/JPY breaks lower; round 80.00 eyed
(FXstreet
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30/04/2012)
Despite the Bank of Japan expanded its QE program by JPY5trn to JPY70trn last Friday in Asia, an outcome in line with expectations, the measure seems to have underwhelmed the market, which continues to buy the Yen ignoring the recent aggressive monetary
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Forex - AUD/USD lower after Australian data, focus on E.Z.
(ForexPros
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30/04/2012)
The Australian dollar was lower against its U.S. counterpart on Monday, following weak Australian economic data as market sentiment waned amid sustained concerns over Spain’s financial woes. AUD/USD hit 1.0437 during late Asian trade, the daily low; the
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Forex: GBP/USD sporting steadier profile ahead of 1.6300
(NASDAQ
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30/04/2012)
The British pound has continued to scream higher thrugh the Asian trade, as upward pressure built up another 20+ pips to recent GBP/USD gains. The positive shift in sentiment towards the Pound was noted by TD Securities on their last CFTC analysis: "The
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Forex: USD/CHF threatens 0.9100
(FXstreet
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30/04/2012)
For the second time today, the USD/CHD climbed the chart targeting the 0.9100, but was capped at 0.9096. Early signs of basing in the 0.9050/0.9100 suggest potential rise further, but MIG Bank analysts see a bearish scenario in the long term: “While we
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Forex Flash: EUR/USD should reach 1.3287/91 - Commerzbank
(FXstreet
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30/04/2012)
Commerzbank analysts expect the EUR/USD to reach key short term resistance at 1.3287 and 1.3291: “These are the 5 month downtrend and the 8 month channel and we look for them to hold the topside and provoke failure”, wrote analyst Karen Jones,
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Forex: GBP/USD right below 1.6300, at 7-month highs
(FXstreet
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30/04/2012)
Cable is opening the trading week in Asia-Pacific this Monday at 1.6275 very near the last 7-month top at 1.6281. The pair is up by +1.59% since weekly opening of past week from around 1.6000 round, while US futures are trading to the upside around
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Forex: EUR/USD opens around 1.3240, Golden week
(NASDAQ
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30/04/2012)
The EUR/USD has been trading soggy in interbank hours, currently quoted at 1.3250 at the retail platforms opening. The pair is resting near to a major resistance zone located at 1.3285. "The cross appears to settling in at the 1.3250 level ahead of
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Rupee up 4 paise at 52.50 vs dollar
(The Hindu Business Line
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30/04/2012)
The rupee rose marginally by 4 paise to 52.50 against the US dollar in early trade today at the Interbank Foreign Exchange market, as the American currency weakened against other Asian currencies overseas. Besides the dollar’s weakness against other
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Euro Remains Lower Before Spain’s GDP Report, Deficit Measures
(Bloomberg
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30/04/2012)
The euro remained lower against the yen after a two-day decline on speculation Spanish data today will show the nation’s economy shrank as the currency bloc’s debt crisis deepened. The euro touched the weakest level in almost two years against the pound
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EMERGING MARKETS-Mexican peso leads Latin American forex rally
(Reuters
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29/04/2012)
The Mexican peso rallied on Friday after the central bank held its benchmark interest rate steady, giving Mexican assets additional allure after heavy bets the bank would lower borrowing costs. Banco de Mexico left its key rate at 4.5 percent, where it
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Forex: USD/JPY bounces from 80.50 area
(FXstreet
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29/04/2012)
When the BoJ announced its monetary policy, including extra 10 Trillion Yen in the asset purchase program, the USD/JPY first spiked down to 80.47 before rallying. The retracement seen during the Asian session turned the daily candlestick upside down,
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Forex: EUR/CAD resumes downfall
(FXstreet
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29/04/2012)
The single currency has kept falling against the Canadian dollar (falling on each session since Monday), accumulating a daily loss of 0.20%. Germany, the biggest economy in the eurozone, printed its latest results for the Gfk consumer confidence survey,
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FOREX-Dollar down vs euro, yen after US. GDP data
(Reuters
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29/04/2012)
The dollar slumped to multi-week lows against the euro and the yen on Friday after a report showed U.S. economic growth cooled in the first quarter, raising the prospect of further stimulus from the U.S. Federal Reserve. The weaker-than-expected growth
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FOREX-Yen slips after BOJ easing; Spain downgrade dents euro
(Reuters
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29/04/2012)
The yen quickly erased losses on Friday made after the Bank of Japan went slightly beyond market expectations in its much-awaited easing steps, as traders quickly covered short positions in a market already overwhelmingly yen short. Standard & Poor's
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India's forex reserves rise by $ 1.46 billion
(IBN Live
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29/04/2012)
India's foreign exchange (forex) reserves rose by $1.46 billion to $294.60 billion for the week ended April 20, official data showed. Forex reserves had risen by $213.8 million to $293.14 billion in the previous week. Foreign currency assets, the biggest
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Dollar Slides Further Amid GDP Data
(RTT News
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29/04/2012)
Following the release of U.S. advance estimate of first quarter GDP at 8:30 am ET Friday, the greenback dropped further against other major currencies. The greenback is now trading at 80.57 against the yen, 1.6234 against the pound, 0.9070 against the
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Rupee drops 15 paise against the dollar
(Business Standard
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28/04/2012)
The rupee dropped 15 paise to 52.70 a dollar in late morning trade on month-end demand for the American currency from importers. The rupee fell despite weak dollar in the overseas. It resumed higher at 52.47/48 per dollar at the Interbank Foreign
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Canada Dollar Tops Majors on Wagers Borrowing Costs Will Rise
(Bloomberg
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28/04/2012)
Canada’s dollar appreciated versus all of its major counterparts except for the yen this week on speculation borrowing costs will rise this year as the nation’s economy gathers momentum. The currency posted its largest weekly gain this year against the
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Yen Gains Amid Central-Bank Speculation; Euro Weakens
(Bloomberg
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28/04/2012)
The yen gained versus the dollar, headed for its biggest monthly rally since July, as investors speculated the Federal Reserve won’t be quick to abandon efforts to support the U.S. economy. The euro fell versus most major peers this week after Standard &
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Pound Gains for Second Week on Bets BOE Will Pause QE
(Bloomberg
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28/04/2012)
The pound strengthened for a second week versus the dollar on speculation the central bank will pause its stimulus program even after the nation slipped back into recession. Sterling climbed to a 22-month high against the euro as investors sought the
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Forex: USD/JPY erases BoJ announcement gains
(FXstreet
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27/04/2012)
A very confused market was trading is trading the USD/JPY. First, mixed feeds gave investors two different easing amounts, 5 and 10 Trillion Yen, triggering a disappointed plunge and then a rally to 81.44 as the “10 Trillion Yen” became solid news. Since
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Forex News – EURGBP falls to fresh 20-month low
(Trading Point
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27/04/2012)
Euro dipped further against the dollar and pound going into the European session, in reaction to negative news flow today. First news overnight was Spain’s downgrade by Standard and Poor’s. Then a report was released just as the European trading session
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Forex News Review – EURUSD recovers on positive US housing data
(Trading Point
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27/04/2012)
Euro had a choppy day, swinging from a three-week high then falling, and rebounding in the U.S. trading session after better than expected US data. A report showed that Pending home sales in the U.S. rose more-than-expected to a seasonally adjusted 4.1
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