Swiss Franc Strengthens to Parity With Dollar on Recovery Signs

The Swiss franc strengthened to parity with the dollar for the first time in 19 months on
speculation the economic recovery is gathering pace.

The franc also rose to the highest level in a week against the euro after Swiss National Bank President Jean-Pierre Roth said yesterday that central banks may “soon” start withdrawing unconventional measures as the global economy gains strength.

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Russia to Buy Canadian Dollars, Considers Other Currencies

Russia’s central bank plans to add Canadian dollars to its reserves and may include other
currencies as it seeks to lessen its dependence on the greenback.

“Technical preparations for transactions in Canadian dollars are underway,” a Bank Rossii
official said by phone in Moscow, declining to be identified in line with the regulator’s
policy. “Then there may be

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Australian Dollar, Metals Rise on Growth Outlook; Stocks Gain

The Australian dollar rose and commodities gained on evidence economies are rebounding from the first global recession since World War II. Stocks and U.S. index futures advanced, while returns on emerging-market bonds climbed to the highest level in at least 16 years.

Australia’s currency strengthened 1 percent against the dollar at 8:50 a.m. in New York and the Dollar Index fell 0.8 percent. The MSCI World Index of 23 developed markets added 0.8percent. Standard & Poor’s 500 Index futures rose 0.6 percent.Gold rallied 1.2 percent to a record $1,182.95 an ounce in
London, and lead paced gains in industrial metals.

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Canada’s Dollar Climbs on Russian Central Bank Endorsement, Oil

Canada’s dollar appreciated to the highest in a week after Russia’s central bank said it will add the currency to its reserves, and as crude oil and stock-index futures rose.

Canada’s dollar, nicknamed the loonie, advanced against all but two of its 16 most-traded counterparts, South Africa’s rand and Australia’s dollar. The U.S. dollar was the worst performing so-called major currency.

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Trading Academy – An In depth Review

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