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EURO SELLERS TAKE ADVANTAGE OF CORRECTIVE MOVE
December 3, 2010Currency markets were saw mixed price movement yesterday with the Euro standing out as the key performer during the US trading session. Retracing back from a low of 1.1995 the GBP/EUR saw a corrective move of over 2 points with an overnight low at 1.1787 (support) – slighty up on the day today however price [...]
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POSITIVE RISK SENTIMENT BOOSTS RISK SENSITIVE CURRENCIES
July 14, 2010The euro held near a two-month high against the dollar on Wednesday induced by strong U.S. corporate earnings and easing concerns about euro zone sovereign debt, which also helped push equities higher. This in turn has increased Risk appetite in the financial markets and will impact movement with the risk sensitive currencies such as the [...]