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Canadian Dollar is Down as Negative Sentiment Grows

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Canadian dollar is heading lower today, dropping as negative sentiment grows throughout the markets. The main concern is what is happening in the eurozone. There are worries about when Spain will ask for aid, and how long the government will hold off as Spanish citizens protest against austerity measures.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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UK Pound Gains on European Safe Haven Status

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With risk appetite fading, and following yesterday’s equity rout, Forex traders are looking for a little safety and stability today — especially since the eurozone continues to cause problems. This means that, while the UK pound is down against low beta currencies like the dollar and the yen, it is also gaining against the euro, since it is the European safe haven.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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Euro Recovers from Earlier Lows to Move Higher

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Euro is recovering today, and moving higher, after earlier lows against the US dollar. Concerns about the eurozone have melted away as risk appetite makes an appearance, and as the US dollar and other low beta currencies turn lower.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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Japanese Yen Weakens against European Currencies

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After showing general strength earlier, the Japanese yen is now weakening against its European counterparts. Yen is still stronger against the US dollar, but against the euro and the United Kingdom pound, the Japanese yen is lower.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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US Dollar Gains as Global Economic Fears Return to Focus

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US dollar is gaining ground as Forex traders look for safe haven amidst concerns about what’s next. Lackluster data from China and from the United States itself has many concerned about what could be coming for the global economy. The result is that Forex traders are looking for a little more safety right now, and the greenback is benefitting.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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Aussie Drops as Gold Prices and Other Commodities Fall

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Aussie is dropping today as risk appetite fades away, and as commodity prices fall. After seeing some strength for a while, the Australian dollar is finally dropping, to the relief of some policymakers Down Under.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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Euro Gets Boost on Expectations for Spain

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Euro is getting a bit of a boost today, heading higher as optimism about Spain becomes the focus today. Also helping matters for the euro against the US dollar is the continued strength of gold, thanks to its use as an inflation hedge.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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Canadian Dollar Inches Higher against US Dollar

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Canadian dollar is moving a little higher right now, thanks to an appearance by risk appetite. Loonie had been dropping earlier this week on concerns about global economic growth, but now there is a little more optimism, thanks to the latest news out of Spain.


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2 years 12 weeks ago – Made popular 2 years 12 weeks ago
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US Dollar Stronger on Global Economic Fears

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US dollar is heading higher today, strengthening as Forex traders demand safe haven currencies. Economic data out of the eurozone and out of China are weighing on riskier assets today, and the greenback is getting a boost.


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2 years 13 weeks ago – Made popular 2 years 12 weeks ago
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Japanese Yen Strengthens as Risk Appetite Fades

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Japanese yen is strengthening as risk appetite fades. Lackluster economic data, continued eurozone concerns, and general risk aversion are all sending Forex traders to safe havens like the yen.


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2 years 13 weeks ago – Made popular 2 years 12 weeks ago
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