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- Aussie Jumps to Six-Month Record as Stevens Surprises Traders
- Aussie Finds Support in Forex Trading
- Euro Holds Steady as Traders Await News from Greece
Aussie Jumps to Six-Month Record as Stevens Surprises Traders Posted: 07 Feb 2012 08:39 AM PST The Australian dollar climbed today, erasing yesterday’s losses versus the US dollar and the Japanese yen and reaching the highest level in six months against the greenback, after the Reserve Bank of Australia surprised Forex traders by keeping its interest rates unchanged.(...) |
Aussie Finds Support in Forex Trading Posted: 07 Feb 2012 07:20 AM PST Aussie is finding support in forex trading today as Forex traders scramble to make up for the fact that they had priced in a 0.25% cut to the interest rate. Instead of cutting, though, the Reserve Bank of Australia kept rates steady at 4.25%. The central bank considers the economic progress Down Under to be sufficient to allow for yields to remain higher. (...) |
Euro Holds Steady as Traders Await News from Greece Posted: 07 Feb 2012 06:18 AM PST Euro is holding steady right now as Forex traders wait for news about what’s next for Greece. Financial markets around the world are waiting to see whether or not Greece will accept the austerity measures that are required for a bailout. If Greece accepts, 130 billion euros will be offered and the country will avoid default. If Greece refuses the austerity measures, it could mean a default — and the destabilization of the entire eurozone. (...) |
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