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Day: January 17, 2008
January 172008
Dollar Still Weak Against Yen
The U.S. dollar, even after a recovery from the two and a half year bottom against the Japanese yen, is remaining weak against this Asian currency as the investors worry about the current state of the U.S. economy. Currently the dollar is trading at 106.74 which is above the yesterday’s minimum of 105.92, but below the today’s open price of 107.62 on USD/JPY. Jun Kitazawa, head of the foreign exchange division of Brown Brothers Harriman Investment […]
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January 172008
Euro Tries to Regain Yesterday Loss
Euro tries to reclaim the pips it lost yesterday during one of the strongest falls of the recent days. Yesterday EUR/USD lost 152 pips or more than 1% of its rate. Today only a small recovering is seen with no more than 30 pips trailback, which can be easily accounted to the technical correction. Overall picture of the EUR/USD daily chart more and more reassembles the “head and shoulders” pattern. Some […]
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