Franc Falls as Bernanke Improves Sentiment on Markets

The Swiss franc slumped nowadays after Federal Reserve Chairman Ben. S. Bernanke spoke nowadays, improving sentiment on markets, while rumors abound that Switzerland’s policy manufacturers are preparing another action to weaken the Swiss currency. There are totally different opinions on what steps Switzerland is going to take in order...

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Dollar Drops After Bernanke Speech & GDP Report

The US greenback fell nowadays once the report showed that the US economy expanded with slower pace than was predicted by specialists and Federal Reserve Ben S. Bernanke hinted at risk of further stimulus. According to the preliminary report, US gross domestic product grew one.0 % within the second quarter of 2011, following the rise...

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Pound Goes Down as UK Economy Slows

The Great Britain pound weakened against the japanese yen and slowed its advance versus the US dollar when the report showed the united kingdom economy grew with slower pace in the second quarter. The revised figure for growth of UK gross domestic product in the second quarter of 2011 was 0.2 percent, constant as in the preliminary estimate....

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Aussie Recovers on Stevens’ Speech

The Australian dollar strengthened today as the statement of nation’s central bank Governor Glenn Stevens spurred the speculation that the Reserve Bank of Australia won’t cut interest rates. Stevens spoke today to accommodate of Representatives Standing Committee on Economics, telling regarding the uncertainty and issues of the global...

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