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U.S. Dollar Falls to 15 Month Low against Basket of Major Currencies

Discussion in 'Forex Daily News & Outlook' started by futuretrends24, Dec 1, 2009.

  1. futuretrends24

    futuretrends24 New Member

    Apr 30, 2009
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    Today’s sample of Futures Analysis from FuturesHound.com

    The U.S. Dollar fell to a 15 month low against a basket of currencies on Tuesday as concerns about debt issues in Dubai subsided, leading to increased demand for higher yielding currencies. Further weakness in the Dollar was attributed to a report that Chinese manufacturing increased at its fastest pace in five years.

    The weakness in the Dollar helped boost commodity and stock demand as investors once again felt comfortable adding more risk to their portfolios.

    U.S. equity markets opened higher and maintained strength throughout the day. The leader was the December E-mini Dow which took out the November high and rallied to 10494 before settling below the high.

    Read full article at FuturesHound.com as well as Futures Analysis, Futures Education and exclusive timely market Gann Analysis

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