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Day: December 3, 2008
December 32008
Mixed Reports on Economy Drive Dollar Up
EUR/USD currency pair declined today after showing a moderate growth yesterday. The macroeconomic statistics from U.S. was mixed today — both positive and negative news barely influenced the market. EUR/USD is currently trading near 1.2637, still inside the yesterdays trading range. ADP employment report showed a drop by 250,000 jobs in November following a decline of 179,000 (revised up from 157,000) in October. The median forecast for the […]
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December 32008
Euro Near Weekly Lows before Rate Decision
The euro declined today against the U.S. dollar, almost snapping the yesterdays gain, as the traders expect the weak data on the Eurozone retail sales after PMI shrank in the leading Eurozone economies. The European currency came close to the lowest level in the last two weeks against the dollar and the lowest in the month against the yen. As the macroeconomic indicators […]
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