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Day: June 27, 2009
June 272009
Dollar Declines on China Alternative Reseve Currency Demand
The Dollar ended the week losing against several major currencies after China declared this Friday that a supranational currency should be created for regulating international trade, damping demand for the greenback, which is currently the world main reserve currency. The euro posted the sharpest gains against the U.S. currency after Peoples Bank of China stated that the International Monetary Fund […]
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June 272009
Forex Technical Analysis for 06/2907/03 Week
EUR/USD trend: sell. GBP/USD trend: buy. USD/JPY trend: sell. EUR/JPY trend: sell. Floor Pivot Points Pair 3rd Sup 2nd Sup 1st Sup Pivot 1st Res 2nd Res 3rd Res EUR/USD 1.3520 1.3634 1.3785 1.3898 1.4049 1.4162 1.4313 GBP/USD 1.5891 1.6039 1.6265 1.6413 1.6640 1.6787 1.7014 USD/JPY 91.93 93.72 94.99 96.78 98.05 99.84 101.11 EUR/JPY 126.36 […]
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