Currency exchange ‘making euro destinations more affordable’
Currency exchange rates for sterling are making European destinations more affordable for Britons.
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Archive for 'Currency News'
Weak Dollar Should Give Pound Last Run
Sterling will have one last burst of buying that should send it sailing over $1.60, especially if the dollar remains as weak as it has been.
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Euro slightly higher ahead of US jobs report
The euro is slightly higher against the dollar as investors await a monthly jobs report for indications about the strength of the U.S. economy.
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Dollar faces gathering headwinds
Only a few weeks ago, the dollar was powering towards its highest levels in four years, the beneficiary of widespread gloom about Europe’s debt crisis and rising optimism about the US recovery.
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Deutsche Bank to Offer Two Currency ETFs in London
Deutsche Bank AG started two exchange-traded funds linked to its DB Currency Returns Index on the London Stock Exchange, seeking to gain institutional clients looking to invest in currencies.
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Why China’s currency has two names
China has indicated that it will allow its currency to appreciate – following months of pressure from the US. Some refer to the currency as the yuan, others call it the renminbi. Who is right?
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Facebook to launch virtual currency
Facebook is partnering a Malaysian company to sell credits at retail outlets across Asia for the first time, aiming to make it easier for millions of people to purchase virtual goods and play games on the social networking site while boosting revenue for developers.
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US Unions Demand For China Currency Bill
The largest Labour group in U. S. advocated Congress for passing the legislation to fight China’s currency practices. This suggestion from Labour group has come a day after the refusal of Obama Administration to name Beijing as a currency manipulator.
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EURUSD Gains on Benign US Currency Report
A noticeable void of fresh news has created a lacklustre trading environment which continues to promote USD selling.
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‘Gold is a currency that cannot be debauched’
The U.S. dollar may only look good because its fiat currency brethren look bad, but declining confidence in paper money has thrust gold toward a position it hasn’t enjoyed for a century or so— freedom from its seesaw relationship with the U.S. dollar.
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