The euro erased its gains versus most major currencies today as Fitch Rating downgraded credit ratings of Italy and Spain, reminding traders that the story of debt problems in Europe is far from over.(...)
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The US non-farm payrolls grew almost two times of the forecast value, supporting the optimistic outlook for the US employment caused by the ADP report earlier this week. The US dollar fell after the payrolls were released, but currently regained its strength.(...)
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