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Forex News

Right timing matters a lot in forex trading. That’s why it’s necessary to keep an eye on Forex news. Forex news is gateway towards best forex trading, news provide you information regarding market fluctuations. If you are aware of latest news, you can respond in right time and in right manner.

Importance of Forex News

There is no doubt that foreign currency market is one of the largest market in the world, having high potential for profit making. A trader must be aware of different market trends to make the right forecasts. Though there are so many risks involved in forex trading ,but it is an extremely profitable business. To have more trading opportunities it’s necessary that you must know international market terrain. [click to continue…]

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Today the Canadian dollar was near 2 months high as its chief export, the crude oil, rallied as demand for energy increases. This has favored currencies having a similar profile in foreign-exchange markets as the Australian dollar, which is a main commodity supplier for China.

MARKETS-CANADA-DOLLAR/BONDS

Higher Crude Oil trading supports Loonie

The Canadian dollar which is also referred to as loonie, had the fourth day of advances in this week as the crude oil returned to trade high in commodity markets having future contracts closed near $ 83 a barrel.

This has given support to the Canadian dollar to rally specially against its U.S. counterpart as during most of today’s session in North America frustrating employment data reduced the attractiveness for the greenback.

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Dollar gained Against Yen On BoJ’s Comments

December 18, 2009

Early Friday in New York the dollar rose to its highest rate in almost two weeks against the yen after that the Bank of Japan renewed its pledge to fight deflation….

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Dollar Jumped to 3- Month High; Euro Suffered Loss

December 17, 2009

On Thursday the dollar surged to a three-month high Vs a currency basket, buoyed by an upbeat tone from the Federal Reserve, while on fresh concerns about Greece’s waning fiscal health the euro…

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EUR/USD hits 2 1/2-Month low, hit by ZEW survey

December 16, 2009

On Tuesday the euro hit a 2-1/2-month low versus dollar, effected by concerns about the health of euro zone banks, while traders have also been prompted by a slip in German economic sentiment to dump the single currency…

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EUR/USD hits 2 1/2-Month low, hit by ZEW survey

December 15, 2009

On Tuesday the euro hit a 2-1/2-month low versus dollar, effected by concerns about the health of euro zone banks, while traders have also been prompted by a slip in German economic sentiment to dump the single currency…

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Euro gained Vs Dollar, boosted after Dubai Secures Funding

December 14, 2009

On Monday after Dubai’s announcement that it had received help from Abu Dhabi to repay its debts improved risk appetite and reduced some of the U.S. currency’s safe-haven appeal and as a result of this, the euro has shown a rise versus…

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Momentum gained by Dollar Bullish Trends

December 12, 2009

This week the dollar ended with the highest rate against the European common currency. This happened after it has been suggested by the positive reports in the U.S. that the North American economy’s pace of recovery is accelerating. This in turn…

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Dollar At One-Month High Vs Rivals On Good US Economic Data

December 11, 2009

On Friday, the dollar reaches its strongest levels in a month versus many of its widely traded rivals, as better-than-expected U.S. economic data has supported anticipations that the key U.S. rates could rise sooner than expected…

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Dollar fell against Euro after U.S. data

December 10, 2009

On Thursday after a narrower-than-expected U.S. trade deficit for October and better continuing jobless claims, the dollar fell versus euro and reduced its gains against the yen . This has pared the safe-haven demand for…

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