Tag Archives: forex

Euro steady against dollar ahead of Bernanke

The euro remained steady against the dollar on Wednesday as investors are waiting on the sidelines ahead of a key testimony on the economy by Federal Reserve Chairman Ben Bernanke later in the day in front of the US Congress. There is growing speculation that Bernanke will not likely mention anything about scaling back the US central banks bond purchase program this year, known as...

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May 22, 2013 @ 7:54 am

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Pound rises after UK unemployment rate drops, BOE upbeat about growth

Sterling’s decline against the dollar was halted after an upbeat Bank of England quarterly inflation report on Wednesday as well as a drop in the UK jobless rate. The BOE issued its latest forecasts on UK growth, showing that the pace of economic expansion may accelerate to 0.5 percent in the second quarter from 0.3 percent in the first quarter of this year. A little before the BOE...

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May 15, 2013 @ 4:00 pm

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Euro lower on news out of EcoFin meeting and disappointing German data

The euro slid lower against the dollar on Tuesday after disappoint German investor morale highlighted a slower economic recovery. Despite a larger-than-expected increase in industrial production data from the euro zone and other positive news of a strong response to a Spanish debt sale, the euro was unable to hold its upward move early in the European session and began to...

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May 14, 2013 @ 1:31 pm

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German investor confidence weaker in May

Europe’s largest economy posted disappointing investor confidence data on Tuesday, resulting in a drop in the euro. According to data released by the ZEW Center for European Economic Research in Mannheim, German economic sentiment increased less-than-expected to 36.4 from 36.3 in April. Economists forecast a gain to at least 39.5 to 40. The data caused some concerns to investors who fear...

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May 14, 2013 @ 10:25 am

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