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Euro Bounces Ahead Of ECB Meeting

The euro bounced against the dollar to hit a 5-month high after news that Moody's upgraded Spain’s credit outlook to stable from negative. The ratings agency cited a brighter medium-term view for the Spanish economy. EURUSD jumped to $1.3638 late in the Asian session, up from the session open of $1.3592 and off yesterday’s low of $1.3527. Focus now turns to the European Central Bank policy...

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December 5, 2013 @ 8:12 am

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Euro Hits Fresh 1-Month High After German Inflation Data

The dollar rose above 102.00 yen for the first time since May 29, while the euro flirted with the key $1.36 handle and hit a new four-year high within striking distance of 139.00 yen. The euro gained 0.1% after briefly trading to a fresh one-month high of $1.3617 and reached its highest against the yen since June 2009 at 139.16 yen. Lending support to the euro was German CPI data which...

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November 28, 2013 @ 2:25 pm

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Euro Slides From A 4-Year High Against The Japanese Yen

The US dollar is broadly stronger against its major G10 counterparts on Monday while the yen remains weak as a result of a sell-off due to outflows from safe havens like itself. The more risk-on market sentiment today was boosted by a deal reached over the weekend to curtail Iran’s nuclear program. Also keeping the Japanese currency under pressure is expectation for further weakening in the...

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November 25, 2013 @ 2:48 pm

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USD/JPY Climbed Its Way Up To A New 4-Month High

USDJPY was driven to a new four-month high of 100.92 yen by mid-European session trading, its highest since July 10. EURJPY also rose, peaking at 135.87 yen, just below a four-year high hit yesterday. The dollar was boosted by Wednesday’s Fed minutes which were upbeat on the US economy and suggested that trimming the pace of bond buying was possible in the coming months. There are some...

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November 21, 2013 @ 2:15 pm

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