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Day: April 2, 2008
April 22008
Dollar Down on Factory Orders
Dollar failed to sustain the growth that it has been showing recently and today it fell down against euro to 1.5662 from the opening at 1.5621. Although it tried to rally again earlier today, traders didnt felt that positive about the U.S. currency. Factory orders in February disappointed the market participants they fell 1.3%, while the consensus forecast was at -0.8%. Still this decline was better […]
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April 22008
Dollar Stops Its 2 Days Growth
The U.S. dollar stopped its 2 days growth period and started to go bearish against other currencies today after the Asian trading session ended. Investors attention turned to the Fed chairman Ben Bernankes testimony before the U. S. Congress that is scheduled for today. Dollar continued its growth against the euro and the Japanese yen during the Asian trading session, but halted it and […]
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