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November 2012 News Archive

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Dollar falls as US approaches fiscal cliff28 Nov at 9 AM

The yen has gained against the dollar as Republicans and Democrats in the US continue to disagree over increases in tax and spending cuts. Investors are worried that lawmakers now have insufficient time to steer the economy away from a fast approaching fiscal cliff that could cause the country to tip into recession. Unless a deal is...

Euro down against the dollar as fiscal cliff looms21 Nov at 9 AM

The euro has dropped slightly against the dollar as investors focus on whether Congress and the White House can come to an agreement over how to avoid the impending fiscal cliff. The euro dropped 0.08 per cent against the dollar to end at 1.2807. The euro has also been weakened by the decision by Moody’s to downgrade France’s rating from...

Euro drops against dollar and yen14 Nov at 9 AM

The euro is hovering at its lowest level in nearly two months as weak economic data coming from Germany shows that even the eurozone’s strongest economy is not immune to the problems being experienced by its neighbours. The single currency has also been hit by uncertainty over the situation in Greece. A weak ZEW sentiment survey from...

Aussie dollar up as interest rate unchanged 7 Nov at 9 AM

The Australian dollar has shown strong gains as the country’s central bank announces it will not be making further cuts to interest rates at the current time. The news comes as the dollar dipped slightly as all eyes are fixed on the results of the US presidential election. However, the markets appear to be preparing for a win by White...