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Day: October 16, 2008
October 162008
EUR/USD Slightly Down after a Series of U.S. Macroeconomic Releases
EUR/USD went down slightly today after several important macroeconomic reports were released in the United States. With the indicator values being more negative for the dollar, the decline of the EUR/USD currency pair was more probably caused by the growth of the risk-aversion among the Forex traders. Consumer price index remained unchanged in September after declining by 0.1% in August. It was expected […]
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October 162008
Malaysian Ringgit at 21-Month Low
The Malaysian ringgit declined to the lowest level in more than 21 months today as the concerns about the global economy growth rose and the stock markets tumbled world-wide. This Asian currency fell yesterday and continued to weaken today after the U.S. retail sales were reported with a biggest drop in the last 3 years yesterday. U.S. and European stock markets posted large […]
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