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Dollar Closes Higher Against Selected Currency Markets

Discussion in 'Forex Daily News & Outlook' started by forextrends24, Oct 15, 2009.

  1. forextrends24

    forextrends24 New Member

    Mar 27, 2009
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    Today’s sample of Forex Analysis from ForexHound.com

    The U.S. Dollar finished higher against a select few of currency markets in a trading session that was highlighted by volatility and trading surprises.

    The EUR USD managed to close higher after several intraday attempts to break it lower throughout the trading session. From the opening the Euro traded lower on poor economic news but erased all losses following a supportive statement from European Central Bank President Trichet.

    The GBP USD finished the day up sharply following rumors the Bank of England may end its asset buyback program early. The initial thrust to the upside this morning came following bullish comments from a Bank of England official.

    Read full article at ForexHound.com as well as Forex Analysis, Forex Education and exclusive timely market Gann Analysis

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