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USD Drops on Pessimistic Economic Data

Discussion in 'Forex Daily News & Outlook' started by alessio, Aug 14, 2009.

  1. alessio

    alessio New Member

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    Trades on Thursday were marked with a series of pessimistic economic reports. The U.S Retails Sales index dropped by 0.1% in July breaking all economists` expectations. The index was expected to rise by 1.8%.

    The other important report that helped push down the greenback on Thursday`s Forex trades was the weekly Unemployment Claims release. It showed that 558,000 individuals filed for unemployment insurance for the first time during the past week.
     
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