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Day: April 4, 2008
April 42008
Dollar Volatile after Employment Situation Worsens
EUR/USD was growing through the day on Forex today, but after the employment data for March was released there were a sharp but very short-term spike, after which the currency pair started to fall. Thats not a usual and expected behavior for the dollar to grow after the bad job data releases. Nonfarm payrolls in March dropped 80k approving its declining trend. […]
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April 42008
Dollar Aimed for Weekly Gain over Yen
The U.S. dollar is heading for the fastest weekly gain in more than four years versus the Japanese yen as the financial markets get a feeling of relief from the crisis. Yen was a favorite safe haven currency since the beginning of the financial crisis in U.S. and the global stock market slump. The low yields and the high security of the Japanese bonds […]
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