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Forex Overview 29/07/2010Title:
Dukascopy Afternoon Forex Overview : 29/07/2010
Previous session overview
The euro rose to an 11-week high at above USD1.31 Thursday after improving euro-zone economic data contrasted with festering worries that the U.S. economy is slowing.
The dollar traded at its lowest point in three months against a trade-weighted basket of its competitors as investors, worried over the lack of pace in U.S. growth, turned away from the greenback.
A better-than-expected reading of U.S. weekly jobless claims failed to extinguish the worry, as the ...
Title:
Dukascopy Morning Forex Overview : 29/07/2010
Previous session overview
The dollar declined against the yen in Asia Thursday on speculation that U.S. Treasury yields will fall further due to concerns over a slowdown in the world's biggest economy.
Strong demand at a U.S. five-year sovereign note auction overnight suggested that recent weak economic reports from the U.S. have made investors pessimistic about the country's growth outlook.
The U.S. currency was weaker also because of speculation that foreign investors will buy new shares ...
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