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Day: May 13, 2008
May 132008
EUR/USD is Entering Sideways Market
Today EUR/USD fell down on Forex after a day of growth yesterday and on the daily chart the currency pairs trend is slowly transforming into a flat pattern rather than bullish or bearish trend. April retail sales in U.S. decreased as expected they dropped 0.2%, after gaining 0.2% in March. Export and import prices rose in April. Import prices increased 1.8% after 2.9% rise in March the growth […]
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May 132008
Dollar Will Lose 11% to Yuan in 2008
According to the research paper, released by United Overseas Bank Ltd., the yuan has a strong chance to appreciate further this year to the total of 11 percent gain against the U.S. dollar in 2008. The Chinese currency has rose 4.3 percent up this year already, as the government used yuan to fight the accelerating inflation. Suan Teck Kin of United Overseas Bank confirmed in an interview today the statement […]
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