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World Forex

Discussion in 'Forex Broker Discussion' started by honeyks, Dec 14, 2010.

  1. honeyks

    honeyks New Member

    Feb 26, 2010
    Likes Received:
    Late Tuesday afternoon, the euro was slightly down on day, trading at $1.3382 from $1.3393 late Monday, according to EBS via CQG. The dollar was at Y83.65 from Y83.39, while the euro was at Y111.94 from Y111.69. The U.K.
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    pound was at $1.5770 from $1.5854. The dollar was at CHF0.9596--down almost 0.9% on day--from CHF0.9680.

    The ICE Dollar Index, which tracks the greenback against a trade-weighted basket of currencies, was at 79.404 from 79.335.

    The dollar staged a comeback early in the day after an overnight fall as encouraging retail sales and producer price index data shored up confidence in the greenback's long-term outlook.

    "The numbers were really, really good, and that leads to better peace of mind for investors" who once thought a third round of quantitative easing would be needed to jolt the stagnant U.S. economy to life, said Kathy Lien, director of currency research at GFT Forex in New York. She said any idea of more dollar-diluting Federal Reserve stimulus beyond the current $600 billion asset-purchase plan seems to be over now, thanks to these continued strong signs.

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