Tag: positive
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The 1-0 over-time victory of Spain over the Netherlands in yesterday's World Cup Final has generated an interesting question among market analysts. Does this victory put optimism and positive sentiment back into Spain's crumbling economy? Can it boost short-term growth enough to add further momentum to the euro's latest gains against its primary rivals? Summary USD - USD Sinking Under Weight of Risk Appetite EUR - Does Spain's Victory in the World Cup Help the EUR? JPY - Kan's Democratic Party Defeat Saps JPY Strength OIL - Chinese Imports and Weak USD Boost Oil above $76
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The U.S. dollar traded lower Wednesday as investors moved to higher-yielding currencies and riskier assets after U.S. data was better than expected. ISM service data showed the U.S. services sector grew in February at its fastest pace in more than 2 years, reducing the appeal of the greenback as a relatively safe investment. Summary USD - Dollar Pulls Back on Greek Cuts EUR - The EUR at 2 Week High as Greece Debt Concern Ease JPY - Yen Advances to 2 Month High vs. Dollar OIL - Oil Trades above $80 on Economic Hopes
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The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may be a positive for the USD. Summary USD - Existing Home Sales Fall Sharply EUR - Risk Aversion is back JPY - Market Anticipates Japanese Interest Rate Decision Crude Oil - Spot Crude Oil Prices Rise with U.S. Stocks
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