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Even though the dollar index is higher today, the greenback is trading mixed against its major counterparts. Interest in risk has some money flowing out of the dollar, while there are some currencies that are floundering in general. (...)Read the rest of US Dollar Trades Mixed Against Other Currencies (135 words) Posted on Forex News.The post US Dollar Trades Mixed Against Other Currencies appeared first on Forex News.
The Australian dollar surged today after comments of central bank chief Glenn Stevens bolstered optimism for Australia’s economy. The Aussie reached the highest level this year against major currencies, including the US dollar, the euro and the Japanese yen.(...)Read the rest of Australian Dollar Surges on Stevens’ Comments (118 words) Posted on Forex News.The post Australian Dollar Surges on Stevens’ Comments appeared first on...
The Swiss franc was under pressure from Switzerland’s central bank for a long time as the bank introduced cap on the currency to prevent excessive appreciation and to maintain competitiveness of country’s exporters. Yet analysts suggest that traders do not necessary need to rush taking short positions on the Swissie.(...)Read the rest of Swiss Franc Remains Under Pressure, Yet Bears Should Be Cautious (133...
The Chinese yuan rose today as the nation’s central bank boosted the reference rate for the currency. The yuan was previously falling after the central bank had widened the trading range for the currency.(...)Read the rest of PBoC Raises Reference Rate, Yuan Advances (62 words) Posted on Forex News.The post PBoC Raises Reference Rate, Yuan Advances appeared first on Forex News.