Swedish Krona Falls on Growth & Interest Rates Outlook

The Swedish krona fell today in front of all his comrades negotiated the government cut its growth forecast for the economy, spurring speculation the central bank will not be able to increase lending rates. Sweden cut its forecast for growth this year of 4.6 percent to 4.1 percent. The forecast for next year fell 3.8 percent to 1.3 percent....

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USD Gains vs. EUR & CHF, Falls vs. JPY

The U.S. dollar managed to gain against the euro and Swiss franc today, but fell against the Japanese yen as traders left the bases mixed doubt about the prospects for the U.S. currency. The Standard & Poors Case-Shiller index of home prices fell 4.5 percent in June from a year-over-year basis. That's a better result than the 4.7 percent...

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Building Permits in Australia & New Zealand Rise, Aussie & Kiwi Gain

The currencies of Australia and New Zealand increased today, before falling later, after reports showed that the number of building permits in these countries increased in July. New Zealand accepts construction rose 6.3 percent in July, after falling 4.3 percent in June. Australia accepts construction rose 1.0 percent in July, seasonally...

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Forecast: Fundamentals Aren’t Favorable for Pound

Great Britain pound fell during the previous week, but rose earlier this week. Could it be a sign that the pound will reverse its downtrend? Currently available data indicate that this case is unlikely. Previously, the proceeds from the book were mainly by investors fleeing the euro and the problems of the European Union to the UK currency...

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