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Starting the day
Posted on July 08, 2008
Good morning! Welcome to a new day in forex market. Quite a day yesterday as majors gave very interesting movements all across the board. Greenback recovery was interrupted and reversed with mixed results, after a sudden drop in US stocks, following Janet Yellen (President of the Federal Reserve Bank of San Francisco) comments on US inflation and of course, speculation about future/possible rate hikes. However dollar ended the day negative only against Euro, while against other currencies the reversion lost momentum by the end of American session. the Asian session has little to say, except by...
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