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Dollar Tumbles after Fed Cut Rates, EUR/USD to Test 1.5?

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 30, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Dollar falls sharply right after Fed cut the federal funds rates by 50bps to 3.00% as markets expected. Particular strength is seen in EUR/USD, AUD/USD and weakness in USD/CAD. At the point of writing, EUR/USD is pressing 1.49 level and is set to retest record high of 1.4966 and probably...

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