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Euro propelled to fresh 4-mth high after data

The euro was propelled to a fresh four-month high against the dollar after strong euro-zone data as well as a confident and optimistic speech by European Central Bank President Mario Draghi earlier on Tuesday. EURUSD reached close to the key $1.34 level, tested twice after being lifted by ZEW sentiment data for both the euro area and Germany. German economic sentiment improved by more than...

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June 18, 2013 @ 1:34 pm

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Aussie falls after RBA meeting minutes signal further rate cuts

The Australian dollar declined against its US counterpart on Tuesday following the release of the country’s central bank policy meeting minutes this morning. The Aussie fell to as low as 94.66 US cents by 07:15 GMT, down 0.8 percent from the Asian session open of 95.42 cents. The Reserve Bank of Australia signalled in its minutes of the June 4 policy meeting that the deprecation as trade...

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June 18, 2013 @ 7:54 am

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Fed meeting primary focus this week

The main focus of this coming trading week will be in the US Federal Reserve policy meeting on Wednesday. Currency markets will likely to be subdued ahead of this as investors wait anxiously for more clarity on whether the Fed will taper its stimulus measures soon and by how much. The FOMC begins the two-day policy meeting on Tuesday, and will announce interest rates and policy on Wednesday,...

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June 16, 2013 @ 12:50 pm

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Dollar remains weak against yen, focus turns to Fed meeting

Most currency moves on Friday were mostly due to a technical correction and investors booking recent profits ahead of the weekend. Next week is an important one, especially for the dollar, and large moves are expected. This is because the US Federal Reserve is having its policy meeting on Wednesday. Most expect the Fed to use this meeting as an opportunity to clear up confusion for the...

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June 14, 2013 @ 8:00 pm

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