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Day: July 30, 2008
July 302008
Dollar Continues to Beat Euro on Forex
EUR/USD continued to fall today after a very sharp decline yesterday. Many traders got surprised by the ADP employment report, which helped to strengthen the dollar, but the greenback gained even before the report release. This is the second day this week when EUR/USD falls. Monday gave some uprise to this currency pair, but its nothing compared to the current decline. EUR/USD is currently […]
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July 302008
Australian Dollar Falls on Housing Decline
The Australian dollar fell today to the the one-month lowest level against the U.S. dollar after the report of unexpected drop in housing approvals in June. The Aussie repeats the yesterdays decline of the New Zealand dollar, when it has fallen sharply after the housing approvals there dropped to 20-year low. Unlike New Zealand, the Australian central bank didnt cut interest rates this year […]
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