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ECB Rate Cut May Support Euro

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 4, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The dollar was little changed against most major currencies but rose versus the euro on Wednesday following seemingly better-than-expected US economic data. US service industries contracted at a slower pace than expected and the payrolls drop in the ADP Employer Services index was less than estimated. Risk aversion increased as...

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