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Japanese Yen Gains Against Majors

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Japanese yen is gaining against its major counterparts today, rising as Forex traders seek some sort of safe haven and stability in the wake of the latest news out of China. Concerns about global growth are very real, and yen is also getting a boost as concerns about the economic growth in other regions are in doubt.


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2 years 6 weeks ago – Made popular 2 years 6 weeks ago
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UK Pound Higher after Dropping Earlier

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In earlier trading, UK pound fell against the US dollar on Greek worries and the expectation of poor PMI data. Now, though, things are turning around and the sterling has the upper hand.


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2 years 6 weeks ago – Made popular 2 years 5 weeks ago
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Euro Heads Lower - Again

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Euro is heading lower — again — on the Forex market today. Concerns about the eurozone are weighing on the 17-nation currency, and general risk appetite is causing traders to favor the US dollar today.


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2 years 6 weeks ago – Made popular 2 years 6 weeks ago
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Risk Aversion Helps US Dollar

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Risk aversion is helping the US dollar today in Forex trading, providing a boost as concerns about the eurozone once again become prominent in the financial markets. Forex traders are looking for some safety and stability, and they are turning to the greenback to get it


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2 years 6 weeks ago – Made popular 2 years 6 weeks ago
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Aussie Looking for Support in Forex Trading

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Right now, Forex traders are looking for yields as better economic data takes center stage. Aussie has overcome earlier losses to trade high against most major currencies.


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2 years 6 weeks ago – Made popular 2 years 6 weeks ago
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Japanese Yen Mostly Lower

www.topforexnews.com

Japanese yen is mostly lower today, thanks in large part to the asset buying program from the Bank of Japan from earlier this month. Stocks have been bolstered by the easing in Japan and Europe, and that has reduced the need for safe haven, sending the yen lower.


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2 years 7 weeks ago – Made popular 2 years 6 weeks ago
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Euro Struggles on LTRO

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Euro is struggling today, especially against the US dollar. The Long-Term Refinancing Operation offered more money than expected, and that has many wondering about the stability of the European banking system.


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2 years 7 weeks ago – Made popular 2 years 7 weeks ago
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US Dollar Mixed after GDP Data

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US dollar is mixed today after encouraging GDP data was released. The latest numbers for the fourth quarter of 2011 indicate that the US economy grew 3%, which is better than the 2.8% pace originally reported.


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2 years 7 weeks ago – Made popular 2 years 7 weeks ago
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Canadian Dollar Clings to Gains

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Canadian dollar is clinging to gains, struggling to retain the upper hand as risk aversion begins to creep into the picture. Loonie is slightly higher against the US dollar, as well as against the UK pound and the euro.


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2 years 7 weeks ago – Made popular 2 years 7 weeks ago
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Retail Sales Data Helps UK Pound against US Dollar

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UK pound is higher against the US dollar today, gaining on better retail sales data. The expectation now is that Great Britain will avoid a recession, and that is providing sterling with a little support today.


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2 years 7 weeks ago – Made popular 2 years 7 weeks ago
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