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Gloomy Sentiment Drags Down Canadian Dollar Against USD
Negative market sentiment is the dominant theme dragging down the Canadian dollar against the USD Tuesday morning.It's been a volatile day for USD/CAD and although the Canadian dollar is under pressure, it is still one of the best performers on the day against the greenback. The Asian session started off strong for the U.S. dollar as it marched higher against the loonie. The cross fell back in the European session, hitting its daily lows at 1.2383 CAD.USD/CAD
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Weak European Data Drags Euro Down Against the U.S. Dollar
Weak inflation and employment data is taking its toll on the euro as it remains under pressure against the greenback Thursday morning.Positive market sentiment appeared to support the euro during the Asian session. EUR/USD trended higher but was unable to hit 1.34 USD. The cross fell sharply after hitting a session high of 1.3386 USD.Positive U.S. data is also not providing any momentum for the single currency. The euro fell to the session low following a smaller-than-expected
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Closing Market Recap: Stocks Make Late Gains, Treasuries Fall, Dollar Volatile
(CEP News) • S&P 500 up 1% • Geithner Whipsaws U.S. Dollar • Gold Rallies on Dollar Worries • Treasury Market Down After Soft AuctionStocks Close Higher After Wild Ride Weak auctions and strong economic data fought for investor attention in a volatile session on Wednesday, but optimism won out in a late rally. The S&P 500 hit a session low of 791 at 3 p.m. EDT, but a huge rally followed and it closed up 8 points, or 1%, to 814. The Dow
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Euro Near Two-Month High Ahead of FOMC Rate Decision (Repeat)
The euro is trading near two-month highs despite weaker U.S. equity futures. The weak U.S. dollar reflects market concerns for the Fed's ever-expanding balance sheet, say some currency strategists.A drop in equity futures during the European session helped drag down EUR/USD, which hit a session low at 1.2989 USD. The cross quickly recovered and is now trading above 1.31 USD.The euro extended its gains following a slight rise in U.S. inflation. The seasonally-adjusted core U.S. Consumer Price
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Negative Market Sentiment Weakens Euro Against Greenback
Negative market sentiment is griping currency markets with the euro remaining under pressure against the U.S. dollar Thursday morning.Among the G10 currencies, the Japanese yen is the only currency that is higher against the U.S. dollar. The euro is sitting in the middle of the pack and continues to trade below the key level of 1.32 USD.During the Asian session, EUR/USD managed to rally to a high of 1.3269. However, the gains were short-lived and the
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Japanese Yen Moves Higher Against Greenback as Equities Fall
Negative market sentiment and weaker U.S. equity markets are helping the Japanese yen to make gains against the U.S. dollar Tuesday afternoon.USD/JPY has been on a strong down trend for most of the session. In overnight moves, the cross hit session highs at 100.43 JPY. The cross consolidated through most of the European session, but was under pressure ahead of the North American open. USD/JPY remains near session lows, under 99.00 JPY. The rise in the Japanese
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Euro Near Two-Month High Ahead of FOMC Rate Decision
The euro is trading near two-month highs despite weaker U.S. equity futures. The weak U.S. dollar reflects market concerns for the Fed's ever-expanding balance sheet, say some currency strategists.A drop in equity futures during the European session helped drag down EUR/USD, which hit a session low at 1.2989 USD. The cross quickly recovered and is now trading above 1.31 USD.The euro extended its gains following a slight rise in U.S. inflation. The seasonally-adjusted core U.S. Consumer Price
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