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Day: May 27, 2008
May 272008
Dollar Less Bullish After Bad Housing, Confidence Data
U.S. dollar stopped its appreciation against euro and pound today after macroeconomical statistics was released today in U.S. Disappointing data stopped EUR/USD from going below 1.5700 level (which was a lowest level last Friday too) and the currency pair went up to 1.5731 from its daily bottom. The trading opened today at 1.5774 for EUR/USD. New home sales in April were at 526k above the […]
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May 272008
Yen Falls against Carry Trade Counterparts
The Japanese yen extended its decline against its traditional carry trade counterparts today as the Asian stock markets soared after the U. S. Memorial Day holiday ended. Yen dropped significantly against the Australian and New Zealand dollars (the favorite high-yielders that usually gain the most form the carry trade popularity) today after the financial market rally in Asia showed […]
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