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The Dollar Recovers On Technical Momentum
11/12/09 by Daily Forex Snapshots
Filed under Forex & Futures
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The USD has recouped some losses today as equities put in a mixed performance and stale USD shorts were cleared from the market on technically-driven momentum. The morning’s release of European Industrial Production was broadly balanced in effect on risk sentiment as the September reading missed forecasts at 0.2% MoM (0.5% expected), but the reading from the month prior was revised higher from… | ||||||||||||||||||||
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