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For US Dollar Weakness, Look To Yen Catastrophe
30On July 28th, the House of Representatives voted and passed House Speaker John Boehner’s revised debt ceiling plan. But, the passage isn’t a total victory. There is a high likelihood
More eurozone debt woes as Spain threatens…
30The euro sank after the rating agency put Spain’s Aa2 government bond ratings on review, citing concerns over growth and high funding costs in the wake of last week’s deal.
What’s Happening With Currencies – July 29th
30It’s an interesting start to the weekend. Major currencies are mixed against the US dollar, as the EUR and GBP continue to gain – while the commodity bloc (AUD, CAD,NZD)
EURUSD Jumps On Lower US GDP
30Not a great start to the weekend for US Dollar traders. On the heels of a worse than expected growth report in the US, the EURUSD currency pair jumped by
UK House prices are stabilising
30House prices are stabilising, according to the latest monthly report from the Nationwide building society. Prices across the UK rose by 0.2% in July, to £168,731, leaving them just 0.4%
What’s Happening With Currencies – July 28th
30Foreign exchange movements in the overnight have been interesting. Although the US dollar has gained against both the EUR and GBP (not to mention the CHF), it has lost against
Investors search for answers in US debt crisis
30The cost of insuring against a US default soared yesterday and global investors drew up contingency plans for a world in which the largest economy loses its gold-plated AAA credit
“Greek bail-out was a one-off”
30The German finance minister has warned that he will not bail out every troubled eurozone country in a move that rattled confidence in Europe’s response to the debt crisis. In
Watch Out for USDJPY Intervention
30We’re back to record levels in the USDJPY currency pair. Currently trading at 77.82, the exchange rate is just shy of retesting the all time low of 76.31 set back
What RBNZ Governor Bollard Didn’t Say
30On July 27th, the Reserve Bank of New Zealand kept rates at a record low of 2.5%. That wasn’t news breaking. Money markets were expecting rates to stay unchanged for
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Recent Market News
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