Archive for June, 2009
Chinese Yuan Declines To New Multi-Week Low Against Euro (INO News)
(RTTNews) – In early trading on Tuesday, the Chinese yuan declined to its lowest level since June 03, 2009 against the euro.
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Is The US Dollar Going Up Or Down, Hedge Your Bets? (GoldSeek.com)
The opinion of currency analysts on the immediate outlook for the US dollar is almost evenly divided between two extremes: those who think the dollar will rise significantly in value by the end of the year; and those who conclude that the greenback will fall.
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Chinese Yuan Edges Up Against Euro (INO News)
(RTTNews) – The Chinese yuan edged higher against its European counterpart during Monday’s early trading. At about 2:20 am ET, the yuan reached 9.5652 against the euro, with 9.509 seen as the next upside target level. At last week’s New York session close, the pair was quoted at 9.6134.
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Czech Koruna Bounces Back Against US Dollar (INO News)
(RTTNews) – The Czech koruna that touched a low of 18.6460 against the US dollar at 2:45 am ET Monday strengthened thereafter. The koruna is currently trading at 18.52 versus the greenback with 18.3 is seen as the next target level. The dollar-koruna pair is presently trading at 18.5040.
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Aust dollar opens firmer on US dollar (BigPond News)
The Aussie dollar has opened firmer as investors sold the US unit on new calls for a global reserve currency.
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Chinese Yuan Eases From 2-day High Against Dollar (INO News)
(RTTNews) – Against the dollar, the Chinese yuan pared the gains it made in early Friday Asian trading. The yuan thus slipped from a 2-day high of 6.8330 to 6.8395 by about 12:15 am ET. If the Chinese currency falls further, it may likely target the 6.868 level.
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China urges US dollar replacement (BBC News)
China’s central bank repeats its call for a new global reserve currency to replace the US dollar, saying its use concentrates risk.
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Oil falls below US$69 on stronger dollar (National Post)
Oil dropped below US$69 a barrel on Monday pressured by a stronger dollar and weaker European equities, but attacks on the oil industry in top African exporter Nigeria limited losses.
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US Dollar Eyes Breakout versus Euro on Nonfarm Payrolls Results (Daily FX)
The US Dollar finished the week modestly lower against key counterparts, and an end-of-week dollar decline suggests that very short-term momentum favors further losses.
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US Fed extends dollar swap deals with 13 central banks (AFP via Yahoo! News)
The US Federal Reserve said Thursday it was extending into 2010 dollar swap deals with 13 central banks as part of modifications to a range of liquidity programs.
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