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Forex: USD/CAD trades below 1.0250
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Yen cross selling sees USDJPY back under 98.00
Selling of Yen crooses has weighed on the USDJPY sending it back below 98.00 and towards the first line of support at 97.80. There are some range traders on the bid here at 97.80. However Japanese traders are looking at 97.50 as the pivot point with the base of the ichimoku cloud coming in at...
WORLD FOREX: Dollar Finds Favor On Caution
"The short dollar trade has become a bit crowded," said Brian Dolan, chief currency strategist at Forex.com. "The real money mangers are buying back dollars ... See all stories on this...
Peruvian Central Bank Holds Rate at 4.25%
The Central Reserve Bank of Peru held its monetary policy reference rate unchanged at 4.25%. The Bank said: “This...
UK economy weak but improving
That would seem to sum up the prognosis for 2009-2010 from the Confederation of British Industries. Sterling is steady this morning at 1.6440 and .8515 against the USD and EUR...
Pioneer Natural Acquires Carmeuse Industrial Sands Unit For $297 Million (PXD).mp4
Pioneer Natural (NYSE:PXD) announced that it was acquiring Carmeuse Industrial Sands unit in a deal valued at $297 million.Pioneer Natural expects...