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Daily Forex Snapshot: 1-7-2009

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Forex - US Session: Investors Express Confidence in Economic Stimulus Plan Through Positive Trading

G10 Advancers and Decliners vs USD
NZD1.12
JPY-0.47
CHF-0.65
EUR-0.98
The dollar was mixed against the majors following further announcements from President Elect Obama regarding the US economic stimulus plan. The EurUsd slipped 100pips to the low range of 1.35, while the UsdJpy gained 25pips to the high 93 level. The GbpUsd posted substantial gains of 230pips to low 1.49 price area, despite worsening economic conditions. UK stocks were positive for the sixth day...
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Forex Alerts - 1-7-2009 :

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Daily Forex News & Commentary: 1-6-2009

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Dollar rose supported by US stimulus package and expectations of ECB and BoE rates cuts.

The Dollar rose strongly against Euro and Yen on Monday, buoyed by a planned US stimulus package and increased expectations of interest rate cuts by European and British central banks. Investors welcomed news that US President-elect Barack Obama is seeking as much as $310 billion in tax cuts as part of a proposed stimulus package that could be worth up to $775 billion. The yen fell to 4-week...
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