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Firmer Retail Sales Data Buoys Dollar Demand

Discussion in 'Fundamental Analysis' started by ActionForex.com, Mar 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Weakness overnight in Asian stocks amid continued signs of deepening recession generated demand for the Japanese yen, which gained ground to ¥97.07 against the dollar and ¥124.32 against the euro. A slightly more positive tone how American consumers are holding up in the face of rising joblessness and growing negative...

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