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US Session: Norges Bank Raises Rates, Dollar Trades Sideways Ahead Of Q3 GDP

10/28/09 by Daily Forex Snapshots  
Filed under Forex & Futures

   

G10 Advancers and Decliners vs USD JPY 0.84 GBP 0.07 CHF -0.19 EUR -0.32

It’s been a choppy day’s trading for the USD; equity markets across Europe and the US have traded very heavily but there has been little decisive movement for the DXY (76.25 last). Gold has struggled to make gains above its crucial $1030 support, but this has been more indicative of sagging crude oil prices ($77.90 last) than a strengthening USD. Scandinavian data dominated the morning price…

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