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Asian Session: USD The New Funding Currency Of Choice?
09/15/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Yesterday’s market was characterized by a broad USD sell-off, led by EURUSD squeezing to a high of 1.4653 on benign industrial production numbers (-0.3% M/M), followed by the European Commission’s forecasts that the Eurozone may expand 0.2% in Q2 and 0.1% in Q4. Employment numbers for the 16-country bloc continued to be lacklustre in the second quarter (-0.5% Q/Q), but this failed to have… | ||||||||||||||||||||
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