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Day: December 22, 2007
December 222007
Finance Minister of India: Rupee’s Rate is Driven by Markets
Indian Finance Minister, Palaniappan Chidambaram, said yesterday that the the rupee’s value is determined only by the market participants and is not regulated by the government in any way. The Indian rupee lost 0.5% this week falling down to 39.555 against the U.S. dollar after almost three weeks of gain. Indian currency gained more than […]
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December 222007
Forex Technical Analysis for 12/2412/28 Week
EUR/USD trend: hold.GBP/USD trend: hold.USD/JPY trend: hold.EUR/JPY trend: hold. Floor Pivot Points: Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.4166 1.4238 1.4308 1.4380 1.4450 1.4522 1.4592 GBP/USD 1.9269 1.9539 1.9687 1.9957 2.0105 2.0375 2.0523 USD/JPY 111.62 112.18 113.09 113.65 114.56 115.12 116.03 EUR/JPY 160.10 160.92 162.41 163.23 […]
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