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Forex News

Title: Forex News
Category: Weblogs
Clicks: 0
Listing added: Mar 10, 2008
PageRank:
4/10
Our website provides you and detailed Forex related news from all over the world and Latest business and political news that includes global events and financial decisions that shift the currency rates on Forex.

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Latest Blog Posts:

Yen Continues Growth after GDP Report
The Japanese yen continued its growth today after the late yesterday release of the GDP report showed that the gross domestic product rose much better than everyone expected.

Kiwi Falls Deeper on Bad Retail Sales

The New Zealand’s currency continued its extremely fast drop against the other major currencies today after the retail sales report was released yesterday at 22:45 GMT.

Euro Stronger on German GDP

The United Europe’s currency gained a new strength on the Forex market today after the German quarterly GDP data was released and the investors got more confidence in the ECB’s hawkish stance.

Dollar Extends Gain on CPI Expectations

The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released today at 12:30 GMT.


Dollar Will Lose 11% to Yuan in 2008
According to the research paper, released by United Overseas Bank Ltd., the yuan has a strong chance to appreciate further this year to the total of 11 percent gain against the U.S. dollar in 2008.

British Pound Grows on April PPI Report

The Great Britain pound rose today against the U.S. dollar and the euro, partially recovering its losses from the last week, as the record high PPI growth added confidence that the Bank of England will not lower interest rates next time.

Korean Won at Lowest since 2005

The South Korean won declined to its lowest level since November 2005, as the country’s central bank said that the weaker currency will be helping against the economic stagnation.

Dollar Rose on Hoenig’s Hawkish Comments

The U.S. dollar rose today during the late Asian Forex trading session, as the traders reacted on the hawkish commentary by the Federal Reserve Bank of Kansas City President Thomas Hoenig.


AUD Stops Growth after RBA Statement
The Australian dollar stopped growing on the Forex market today after the Reserve Bank of Australia mentioned economical growth moderation in its monetary policy statement.

Bank of America Confident on INR Growth

The Indian rupee is going to grow in the coming months as the central bank will probably rise the interest rate and will allow currency’s appreciation according to Bank of America strategist.

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