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Day: June 27, 2008
June 272008
EUR/USD Faces a Slight Correction
EUR/USD corrected slightly today after fundamental data both from U.S. and Eurozone showed more support for the dollar rather than for the euro. Important consumer spending and income data arrived from U.S. today, while Eurozone released its business and consumer survey. EUR/USD fell from 1.5750 to 1.5742 today. Personal income and outlays report showed 1.9% and 0.8% growth […]
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June 272008
NZD Headed for Weekly Loss
The New Zealand dollar continued to lose against other currencies today (except the U.S. dollar) as the economy contracted in the first quarter and the expectations that the central bank will cut the interest rate rose. Although, the New Zealand currency is rising today against the U.S. dollar, its still going down sharply against the yen, euro, and Australian dollars. It will probably end the week in the negative zone against those three currencies. The gross domestic […]
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