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Day: November 3, 2008
November 32008
Pound Gains on Stock Market Optimism
The Great Britain pound gained today against the other major currencies as the growth on the global stock markets spurred optimism and the high-yielding pound showed a stronger reaction to this uprise. The British currency was among the worst performers of the last two months when the credit crunch went deep into the global economy. The United Kingdom has one […]
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November 32008
EUR/USD Trades Almost Unchanged After Early Peaking
EUR/USD went down today after rising to 1.2897 early today. A bit of optimism brought by the positive Asian trading dissolved fast after European stock markets failed to continue the rally. EUR/USD is currently trading near 1.2776 after housing and manufacturing data releases in U.S. ISM PMI (manufacturing index) fell from 43.5% to 38.9% in October, while the forecast showed a decline to 42% for the last month. Construction […]
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