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USD/JPY retrenching; Exporters seen selling rallies
Japanese exporters have returned to the stage in USD/JPY for the first time in a while. They have offers from 98.80 up through 99.00, traders report. Mid-East accounts were rumored buyers in early US trade but ran into signficant offers in the 99.80/85 region. Given Japan’s rapidly...
The European Central Bank: Balance Sheet Continues to Grow
By The Sizemore Letter A picture is worth a thousand words: The ECB’s efforts to halt the European sovereign debt crisis have left the...
US Retail Sales increase in May. Jobless Claims fall. US Dollar falling today in Forex Trading.
Thursday, June 11th - U.S. Retail Sales increased in May and reversed two consecutive monthly...
Forex and Financial Market Update 15 June 2009
Those three factors about sum it up to explain why the EUR/USD, GBP/USD, EUR/JPY, and GBP/JPY came under pressure, each losing several hundred pips to the ... See all stories on this...
No surprises in RBA minutes
The market is digesting the minutes from the last RBA meeting but, based on the headlines, there have been no real surprises. AUD/USD is steady at...