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Day: December 17, 2008
December 172008
Aussie Reaches 2-Month High versus Dollar
The Australian dollar rose slightly against the U.S. dollar and reached a new 2-month high level today as the dollar still suffers from the near zero interest rates set yesterday by the Federal Open Market Committee. The Australian currency rallied by the most since October after the Fed announced the rate cut yesterday and the global stock markets reacted […]
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December 172008
Forex and Oil EUR/USD Peaks Above 1.44
Today the oil was in the focus of many currency traders as the extraordinary OPEC meeting in Oran, Algeria, was deciding the oil output cut and also the U. S. Energy Information Administration reported its weekly data on the commercial crude oil and distillate inventories. The oil traded with the elevated volatility — a small drop on the NYMEX Crude Future, and the small gains […]
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