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Dollar consolidates as oil rises and stocks fall

Discussion in 'Forex Videos' started by Evening Star, Aug 26, 2008.

  1. Evening Star

    Evening Star Contributing Member

    Jan 20, 2008
    Likes Received:
    A week of rising oil prices saw the dollar consolidate after its recent rally. The euro posted its first gain against the greenback in six weeks and USD/JPY closed lower, marking the first drop in three weeks. Sterling, however, continued to lose ground after GDP numbers saw UK growth grind to a halt ending the country’s longest period of economic expansion in a century.


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