Posted On: October 29, 2010
Globe and Mail:
“The ebb and flow between businesses and institutions that need to buy and sell currencies for business needs will cause fluctuations in currencies. Speculators also have a big ...
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Posted On: October 29, 2010
The British pound rose against the euro on Friday - in fact, it gained against 15 of its 16 most-actively traded peers this week, according to Office for National Statistics.
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Posted On: October 29, 2010
Surging demand for trade settlements denominated in the Chinese yuan forced the Hong Kong Monetary Authority to turn to its swap arrangement with the People's Bank of China, Bloomberg News reported Friday.
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Posted On: October 28, 2010
U.S. Secretary of State Hillary Clinton weighed in Thursday on the currency debate, saying that, "on currency and trade, the United States seeks responsible policy adjustments that have been clea...
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Posted On: October 28, 2010
It's now all but certain that President Luiz Inacio Lula da Silva's handpicked successor, Dilma Rousseff, will take victory in the Brazilian run-off election this weekend.
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Posted On: October 28, 2010
A meeting of the G-20 group of nations this past weekend failed to generate a consensus that could ease the tensions between nations struggling to keep their currencies competitive.
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Posted On: October 26, 2010
As the globe's major, established economies quarrel over falling currencies and trade policy, emerging-market economies like Brazil and India are struggling with collateral damage.
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Posted On: October 25, 2010
The Australian dollar has gained value throughout the third quarter - and on Monday, it reached "parity" with the U.S. dollar, illustrating some of the opportunities and some of the challenges of the globe's shifting exchange rates.
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Posted On: October 22, 2010
"As we've seen in G-20s past, there's always a lot of hype leading up to it, and rarely any result," said Brendan McGrath, senior trader at Custom House, A Western Union Company.
Brendan McGr...
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Posted On: October 22, 2010
The Bank of Japan has been attempting to hold down the value of its currency as the dollar falls.
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