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Friday, August 7, 2009

Forex News. 7th Aug. 2009

Canadian Dollar Down as Oil Declines
The Canadian dollar had a second day of negative performance as unemployment in the nation is expected to grow further, damping demand for the loonie

Brazilian Real Falls on Commodities Decline

Brazil’s real, the best performing among the 16 most traded currencies had the most significant fall in more than a month as commodities declined today, pushing investors away from the South American currency

Pound Continues High on Real Estate Market Forecast

The pound is trading near a 9-month high versus the U.S. dollar as multiple news brought traders to the renewed attractive profile of the British currency, which is expecting a rebound in the U.K.’s housing market before the end of the year.

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