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Day: August 21, 2008
August 212008
EUR/USD Rises above the Friday Open Level
Dollar declined today against the euro, allowing EUR/USD currency pair to rise above the last Fridays open level. Currently it is trading near 1.4863 — 58 pips above Fridays open. The decline was most probably caused by the investors concerns related to the U.S. financial market. Initial jobless claims decreased from 445k to 432k last week in the United States — thats below the median forecast 438k. Leading […]
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August 212008
Dollar Goes Down on Credit Market Losses
The U.S. dollar declined at a fastest pace in a month against the Japanese currency today as the credit market losses extended and the Federal Reserve probably wont be able to raise the rates by the years end. The dollar also fell against the euro and the Great Britain pound today as the previously expected rate difference decline became not so obvious to the Forex traders. Yens growth against […]
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