The Swiss franc (CHF) received an increase in strength today, as Swiss GDP figures came in better than expected over the last quarter. The USD/CHF...
Forex News: CHF Higher on Surprising GDP Figures
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Euro Slipping Against Dollar
Source: ForexYard Following a week of ups and downs across the board, the euro is again finding itself in a downward slide. This morning the...
Central Bank of Egypt Holds Rate at 9.25%
The Central Bank of Egypt held its overnight deposit rate unchanged at 9.25%, and the overnight lending rate at 10.25% and 7-day repo...
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SECO Upgrades Swiss GDP Outlook; Sees Sluggish Recovery
(RTTNews) – Tuesday, the State Secretariat for Economic Affairs raised Switzerland’s economic outlook, while forecasting the recovery to remain sluggish next year. The expert group of the Federal Government expects the economy to shrink 1.7% during 2009, better than the 2.7% decline...
JPY firms in Asian trade
The JPY has seen across the board strength in overnight Asian trade, with a pick up in caution evident. USD/JPY is down at 94.00 from a North American close Monday up around 94.50, while EUR/JPY is down at 134.50 from around 135.10. Chinese stocks have been hit again. Yesterday’s cautious...