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Day: July 19, 2008
July 192008
Forex Technical Analysis for 07/21—07/25 Week
EUR/USD trend: sell. GBP/USD trend: sell. USD/JPY trend: buy. EUR/JPY trend: buy. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.5454 1.5609 1.5728 1.5883 1.6002 1.6157 1.6276 GBP/USD 1.9469 1.9641 1.9813 1.9985 2.0157 2.0329 2.0501 USD/JPY 101.45 102.60 104.78 105.93 108.11 109.26 111.44 EUR/JPY 162.31 […]
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July 192008
Chilean Peso is the Worst Performing Currency
The Chilean peso became the worst performing currency in the last three months as the inflation soared and the central bank kept supporting exporters. The peso dropped 11.8 percent against the U.S. dollar during the last three months as the government has been buying $50 million each day to support the national exporting companies keeping output growth up. Meanwhile inflation accelerated to 9.4 percent — the fastest rate in 14 years putting such practice to question. Going up from the worst position […]
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