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Dollar Recovers From Lows, But For How Long?
10/09/09 by Daily Forex Snapshots
Filed under Forex & Futures
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Yesterday the USD suffered another devastating rout after the two major risk events (BoE and ECB rate meetings) passed without surprises and offered little or no encouragement to curtail buying risky assets. The BoE left rates (at 0.5%) and the size of their Asset Purchase Target (175bn) unchanged, deferring the major decision of whether to expand stimulus measures until the November meeting – by… | ||||||||||||||||||||
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