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Day: April 3, 2009
April 32009
EUR/USD Falls Deeper to Nonfarm Payrolls Decline
Euro was trading in the red zone against the dollar for the major part of the todays trading session but immediately after the report on the U.S. employment sector was released, the EUR/USD currency pair hastened down considerably. Currently its trading near 1.3400. Nonfarm payrolls fell by 663k in March, following Februarys drop by 651k. The payrolls were expected to fall by 658k. Unemployment rate rose […]
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April 32009
KRW Falls as Government Cools Optimism
The South Korean won declined today against the U.S. dollar after rising for the whole week after the countrys government said that the current investors outlook for the economy are too optimistic. The currency was in the uptrend this week as the markets have seen a serious decline in the risk-aversion. Despite the rising stock markets in the Asian region, the […]
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