dollar expectations 2009

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Forex - Dollar fell on Monday on expectation of an ECB interest rate hike next month.

The Dollar fell against the Euro on Monday as record euro-zone inflation supported expectations of a European Central Bank interest rate hike next month.Euro zone inflation rose to a record high of 3.7% in May. Analysts said the surge in May's annual euro-zone inflation suggested that a July ECB rate hike was almost certain. An ECB interest rat

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German ZEW survey beats expectations in April; Pound and Euro break day tops

FXstreet.com (Barcelona) ? German ZEW Economic Expectations index has soared to 13.0 in April from -3.5% in March, according to the ZEW economic research institute.April?s increase has beaten the expert?s expectations which advanced a 3.8 reading. The assessment of the current economic situation, however, has worsened to -91.6 from -89.4 in March.The Euro has broken above 1.2950 after the data was released, reaching levels below 1.3000 minutes later. GBP/USD has broken above 1.4175 intra-day high, reaching to 1.4600 minutes after

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Forex - Dollar fell on Monday on expectation of an ECB interest rate hike next month.

The Dollar fell against the Euro on Monday as record euro-zone inflation supported expectations of a European Central Bank interest rate hike next month.Euro zone inflation rose to a record high of 3.7% in May. Analysts said the surge in May's annual euro-zone inflation suggested that a July ECB rate hike was almost certain. An ECB interest rat

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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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EU Preview: ECB to Resume Rate Cutting Cycle on Thursday (Repeat)

Economists and market participants are unanimously expecting the European Central Bank to resume its rate cutting cycle and reduce its main refinancing rate by 50 basis points, bringing the rate down to a historically low 1.50%.However, the EONIA implied rate suggests a more drastic move by the central bank. As of the close on Monday, markets were pricing in a 100% chance of a 75bp cut and an 8% chance of a 100bp cut by April 2,

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Sterling Weaker After Grim Employment & IMF Reports

The pound sterling is lower after record gains in unemployment and news that the IMF expects the UK to be the only large country in recession in 2010.UK unemployment jumped by a record 138,400 in February, adding to January's 93,500 increase and bringing the claimant count rate to 4.3%. Expectations had been for a gain of 84,800, bringing the claims count rate to 4.0%, up from January's 3.9% figure. According to the UK Independent, the International Monetary

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Rising Equities Provides Momentum for Canadian Dollar

The Canadian dollar is getting a late afternoon boost against the U.S. dollar as North American equities continue to rally.USD/CAD has been on a sharp downtrend, losing almost a full cent since noon EDT. The U.S. dollar is under broad pressure as North American equities show a 4% rally on the day. With the loonie trading below 1.23 CAD, currency strategists see more room to the downside for USD/CAD. Heading into the last hour of trading, the

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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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German Ifo, better than expected in April; Euro rallies further

FXstreet.com (Barcelona) ? German IFO business climate index has increased somewhat above expectations in April, pointing out to a softening economic slowdown. The Euro has risen further and the Dollar has bounced up against the Yen.IFO Business Climate Index has risen to 83.7 in April from 82.1 in March, somewhat above the experts expectations off a slight increase to 83.3. Economic Expectations Index has risen to 83.9 in April from 82.1 in March.EUR/USD rebound at 1.3000 level yesterday has broken

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