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| | Tue, 06 Jan 2009 09:48:45 -0500 | | Sterling expected to recover faster in currency tradingRecently, the U.K. pound has been taking a beating at the hands of the U.S. dollar and the euro in forex trading. However, things are changing -- at least in terms of sterling currency trading performance against the euro.
Right now, the big worry for the euro zone is deflation. As a result, euro weakness in forex trading is becoming more pronounced. It is this weakness that is prompting many to speculate that the British economy will recover before the euro zone economy.
This belief that the British economy will soon recover is spurring gains by the sterling in currency trading, and sending the euro lower.
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| | Mon, 05 Jan 2009 13:18:47 -0500 | | Aussie, kiwi gain in currency tradingAfter finishing strong on Friday in FX trading, down under currencies are again making gains. In forex trading, things are looking better for the Australian dollar and the New Zealand dollar as commodities start their recovery and risk appetite increases, thanks to the news about the U.S. dollar and the U.S. economy.
The Aussie and the kiwi are both seeing some recovery, but we will see how long it lasts. Bloomberg reports on the Aussie and kiwi in currency trading:
“The Aussie and the kiwi dollars have continued from their strong finish on Friday night due to an improved risk environment and some optimism for equity inflows,” said Robert Rennie, chief currency strategist at Westpac Banking Corp. in Sydney, referring to the currencies by their nicknames. “The deteriorating situation in Israel also has the potential to boost crude prices.” See Also | |
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