Top Forex News |
- Loonie Surges as Central Bank Move Sinks Greenback
- US Dollar Plummets on Central Bank Coordination
- Brazilian Real Gains Despite Dovish Outlook
- Forint Goes Down, More Interest Rate Hikes Expected
- Mexican Central Bank Plans to Support Peso
- Canada’s Dollar Rallies to Two-Month Record vs. Euro
| Loonie Surges as Central Bank Move Sinks Greenback Posted: 30 Nov 2011 08:55 AM PST
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| US Dollar Plummets on Central Bank Coordination Posted: 30 Nov 2011 07:09 AM PST
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| Brazilian Real Gains Despite Dovish Outlook Posted: 30 Nov 2011 05:54 AM PST
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| Forint Goes Down, More Interest Rate Hikes Expected Posted: 30 Nov 2011 04:49 AM PST
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| Mexican Central Bank Plans to Support Peso Posted: 29 Nov 2011 04:37 PM PST
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| Canada’s Dollar Rallies to Two-Month Record vs. Euro Posted: 29 Nov 2011 01:14 PM PST
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Earlier, several central banks announced coordinated action to keep US dollars cheaper. The move has prompted a gain in risk appetite that is helping the Canadian dollar today on the Forex market.
US dollar is down across the board on the latest move by the world’s major central banks to increase liquidity. In an effort to inject confidence in global markets, several central banks are coordinating efforts to make the US dollar cheaper.
The Brazilian real gained today despite the speculation that the central bank will be forced to cut the interest rates further as the global economic growth stalls.(...)
The Hungarian forint fell today even though the nation’s central bank increased interest rates, prompting the speculation that more rate hikes will be performed in the future. (...)
The Mexican peso advanced today as the nation’s central bank pledged to support the currency in case it would decline too much.(...)
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