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Day: March 27, 2008
March 272008
U.S. Dollar Steady Ahead of GDP Release
The U.S. dollar is trading higher than its yesterdays close level now as the investors are waiting for the fourth quarter GDP data to be released today. The final value of the fourth quarter 2007 U.S. gross domestic product and the weekly initial jobless claims number will be released today and can significantly change the dollars trend on Forex. If the GDP value is released below 0.6% […]
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March 272008
GDP Stats Support Dollar
EUR/USD turned to a mainly bearish trend after the GDP and unemployment statistics were released in U.S. today at 8:30 EST. Dollar went up from 1.5845 to 1.5750 dollars per euro. The gross domestic product in the fourth quarter of 2007 gained 0.6% as was forecasted by the major market analysts and the previous GDP report. While the value is definitely low, its still above zero and it also held stable against […]
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