EUR/USD is currently showing a third daily decline and the second-largest daily drop since February 4 on the Forex market today as some macroeconomic reports in U.S. showed that the worlds largest economy isnt that bad yet. EUR/USD is now trading near 1.2810. Initial jobless claims were down from 631k (revised from 626k) to 623k last week, while economic strategists predicted 610k claims. Retail sales […]
Read moreThe Australian dollar declined against the U.S. dollar, the Japanese yen and the euro today as the countrys senate refused to adopt the Prime Ministers stimulus package worth of $27.4 billion. The Aussie has been growing recently after Kevin Rudd proposed fiscal and liquidity measures that would cost the budget A$42 billion but would gradually help the economy to recover. Traders were confident […]
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