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Day: January 28, 2009
January 282009
Dollar Falls on Banks Support Expectations
The U.S. dollar along with the yen declined against almost all other major currencies today as the traders expect that the bank bailout plan will be adopted soon in the United States. The dollar declined also because the Federal Reserve will end its two-day meeting today and will probably announce some additional measures to ease the credit conditions, providing […]
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January 282009
EUR/USD Tumbles after FOMC Meeting
EUR/USD showed some really promising growth earlier today. The optimistic mood at the financial markets was based on the FOMC meetings expectations and the expectations that the «bad bank» plan will be approved soon. The Federal Reserve meeting showed that the committee is still sees the U.S. economic conditions as deteriorating. EUR/USD is currently down to 1.3125 — down from 1.3225 level. where it traded right […]
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