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Day: July 24, 2008
July 242008
EUR/USD Gains after Decline in Jobs, Home Sales
EUR/USD gained a little today, correcting from the previous daily drawdowns, after the jobless claims and existing home sales statistics was released today in the United States. Dollar was standing at a strong upward position on the Forex market for the last today, but today it reacted sharply on the fundamental data and after a high intraday volatility lost somewhat to euro. Initial jobless claims soared from 372k to 406k last week after consensus […]
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July 242008
NZD at Lowest since January on Rate Cut
The New Zealand dollar fell to its 6-month low level against the U.S. dollar after the Reserve Bank of New Zealand cut the interest rate by a quarter percent point in its first rate reduction in the last five years. Today New Zealand currency (also known as Kiwi) continued its downward trend started a week ago when traders began to decrease their positions in NZD […]
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