The Chinese yuan gained today on the speculation China will allow the currency to appreciate to combat inflation that accelerates with fast pace.(...)
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The US dollar declined today, along with other safe currencies, as manufacturing growth in Europe and China was somewhat higher than was predicted by forecasters, reducing demand for the currency as a safe haven.(...)
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The uncertain economic situation on market creates great demand for safer currencies. Governments, worried by resulting appreciation, attempt to intervene to rein excessive appreciation of such currencies. Today, the Swiss franc was one of the currencies that felt pressure.(...)
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The New Zealand dollar jumped today on the speculation the US Federal Reserve will perform additional actions to support the faltering nation’s economy.(...)
Read the rest of NZ Dollar Climbs on Expectations of QE3 in US (129 words)