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FX Recommends - EURUSD Analysis

Discussion in 'Forex Daily News & Outlook' started by fx-recommends, Jun 25, 2009.

  1. fx-recommends

    fx-recommends Content Contributor

    Aug 6, 2008
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    The single currency is still under pressure versus the greenback after the ECB extending of loans of 442Bln Euros offering for one year to slide from above 1.41 to stand above 1.39 currently. We have seen the beginning of this week the germane IFO of June which was expected to be 85 coming at 85.9 after last week release Germane ZEW of June which surged to 44.8 from 35 in May while the current conditions figure improved to -89 from -93 in May and we have seen also the flash reading of June PMI manufacturing index which was expected to get better to 40 from 39.6 coming at 40.5 and PMI services index of this same month which was expected to be 45.6 from 45.2 in May coming at 44.5 but these data could not make a major change of the single currency direction this week.

    Best wishes

    FX Consultant
    Walid Salah El Din
    E-Mail: mail@fx-recommends.com

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