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Canadian Dollar Hits 3-Month High Against Greenback

The Canadian dollar is one of the top performing currencies Thursday hitting a 3-month high against the U.S. dollar as U.S. equities move higher.The Canadian dollar is once again trading as the second-best currency against the greenback. Only the Japanese yen is outperforming the Canadian dollar. USD/CAD is trading below the key 1.20 CAD support level.It seems that the U.S. dollar is falling out of favour and risk aversion is taking a back seat, said J.P Blais,

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Closing Market Recap: Equities Post Biggest One-Month Gain Since 2002

North American equity markets held modest gains following a late sell-off on Tuesday. March was a very positive month for U.S. equity markets, as both the Dow and the S&P saw their biggest one-month gains since October of 2002.The Dow Jones industrial average closed up 87 points to 7609, the S&P 500 up 10 points to 798 and the Nasdaq up 27 points to 1529. Canadian stocks also ended the day higher, as Toronto's S&P/TSX composite index

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Canadian Dollar Cannot Hold Gains After Hitting Three-Month High Against USD

It has been a volatile day for the Canadian dollar, which hit a three-month high against the greenback earlier Thursday morning.The gains were short-lived as the greenback reversed its losses and is currently hovering around the 1.21 CAD level.George Androulidakis, director of currency trading at the National Bank of Canada, said he took a long USD/CAD position at 1.20, which has proved to be a longer-term support level. He noted that the move Thursday morning looked slightly

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Forex - Sterling lost 8.61% in August vs Dollar, its largest monthly drop since 1992

The Dollar rallied against a currency basket on Friday, posting its best monthly gain in 16 years, boosted by a batch of data showing a far more stable growth path for the United States than the rest of the world. Sterling was in the major casualties in the currency market this month, down 8.61% versus the Dollar, its biggest drop since it crashed

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Australian Dollar US Dollar (AUD USD) analysis

Forex trading. AUD/USD (Australian Dollar US Dollar) technical analysis

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Canadian Dollar Down on Oil, Autos and Carney Speech

The Canadian dollar is the weakest performing major currency on Wednesday as concerns mount about the auto sector and as commodity prices slide.The U.S. dollar is generally weaker but is making modest gains against the loonie. USD/CAD was most recently higher by 0.0060 to 1.2660 (79 cents CAD).Month or quarter end flows and weaker oil could be blamed as a culprit, but are somewhat insufficient explanations. It is likely that Canadian dollar sentiment is being hurt by

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Dollar Extends Drop To 5 Month Low Following Fomc Minutes

Dollar extends drop to 5 Month low following FOMC minutesWhat’s New?Switzerland: ZEW survey much higher than expected.United Kingdom: No surprises from BoE minutes.United States: Dollar falls to 2-month low against yen after FOMC minutes.United States: Geithner optimistic about recovery of banks involved in “stress test”.Today: 09h00 France: Servic

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Dollar Near 5 Month Low Following Renewed Concern That The Us May Lose Its Aaa Rating.

Dollar near 5 month low following renewed concern that the US may lose its AAA rating.What’s new?United States: Fed likely to keep rates low for some time.United States: White house does not believe credit rating will be at risk.United Kingdom: GDP for 1st quarter remains at -1.90%.Asia: Nikkei gains limited after North Korea nuclear test.United Ki

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