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Day: February 4, 2009
February 42009
Indian Rupee Gains on Global Optimism
The Indian rupee rose at the fastest pace in a week today as the revival of the global stock markets restored the optimism of the traders that the foreign investors will return to Indian, buying the local assets with the local currency. The involvement of the foreign investors into the Indian stock exchange during the last trading session exceeded the presence detected during […]
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February 42009
EUR/USD Declines on Some Mixed News from U.S.
EUR/USD fell today as some bad and some good news regarding the state of the economy were released in the United States. EUR/USD is currently trading near 1.2888 after reaching as low as 1.2812 earlier today. ADP Employment report showed that the private nonfarm employment declined by 522k job places in January, following a decline by 659k in December (revised upwardly from 693k decline). The market analysts expected […]
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