Thanks to the advent of the internet. Todays investor has many avenues which to explore. One is the foreign exchange market. A whole new generation of tools is now available to level the playing field in forex. Although institutional investors and central banks have long traded in foreign currencies, individuals have only recently had access [...]
The Swiss currency strengthened against its major counterparts at about 7:45 am ET. As of now, the franc is trading near 97.52 against the Japanese yen, 2.1583 against the pound, 1.6123 against the euro and 1.0971 against the greenback.
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The dollar fell against the euro but quickly bounced back amid the release of data showing that housing starts plunged more than 14 percent in December. Traders were also reacting to data revealing that jobless claims fell 21,000 last week.
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