Greenback turned lower on Eurozone's hopes

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Source: Forexpros
On Tuesday, August 7, the greenback remained lower versus the Euro and other major currencies amid hopes that the ECB will soon make decisive actions to stem the debt crisis in the Eurozone. In order to lower Italian and Spanish borrowing costs, the ECB may soon resume bond-buying program.  The shared currency strengthened against the greenback during today's New York trading session, with EUR/USD adding  0.18% to 1.2422.  The ICE dollar Index was down 0.09 per cent to 82.20.
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Tue, 07 Aug 2012 18:33:10 GMT

Loonie reaches three-month high, closer to parity

Canadian dollar rocketed to a three-month high versus the U.S. counterpart, as crude oil, Canada's biggest export, advanced.  The loonie appreciated 0.4 per cent to $99.67, moving closer to parity. Meanwhile, the Canadian bonds fell for a second day in a row, pushing the yields on government's 10-year bonds up to 1.84 per cent.  

Wed, 08 Aug 2012 13:44:12 GMT

Gold futures fluctuate after two days of gains

Gold futures fluctuated on Tuesday, as investors are getting more cautious about actions by the ECB to curb Eurozone's debt crisis. Gold futures with the October contract erased 0.02 per cent to $1,612.75 per troy ounce during today's New York trading session. Meanwhile, other precious metals advanced, with September silver adding 0.54% and copper for September settlement rising by 1.50%.

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