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Day: December 23, 2008
December 232008
EUR/USD Trades in the Undecided Mood for Second Day
It looks like EUR/USD cant really decide where to go next — the second consecutive day is marked with almost zero change with a slight advantage for the European currency. The final data on Q3 GDP along with some other macroeconomic reports didnt surprise the traders enough to affect the Forex market today. EUR/USD is currently trading near 1.3971. The Gross Domestic Product decline of 0.5% in the third quarter of 2008 remained unchanged in the final report by the Bureau of Economic Analysis. […]
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December 232008
Canadian Dollar Declines for Fourth Day
The Canadian dollar declined today against its U.S. counterpart for the fourth straight day as the oil prices continued to fall globally. Following the expiration of the January crude oil futures the price has briefly went up but then continued to decline as the traders expect that the demand will shrink faster than the OPEC cuts its real output. Canada isnt a member of OPEC but the oil constitutes about 10 percent of its exports. The Canadian dollar, […]
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