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- Japanese Yen Strengthens Against Majors
- Euro Slips as Some Get a Little Nervous about Tomorrow
- NZD Reverses Rally as Inflation Slows
- Australian Dollar Gains as Optimism Strengthens
- GBP Higher Against USD — For Now
Japanese Yen Strengthens Against Majors Posted: 25 Oct 2011 07:07 AM PDT
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Euro Slips as Some Get a Little Nervous about Tomorrow Posted: 25 Oct 2011 06:04 AM PDT
One of the reasons that there is some skepticism is due to the fact that we’ve been here before. Indeed, European leaders have been talking about doing something for months. However, when it gets right down to it, there are difficulties with agreeing on a course of action — especially between Germany and France. Euro is slipping below the 1.3900 level relative to the US dollar, and that is providing some level of concern about what could be next. If a viable solution is announced tomorrow, there is a good chance that the euro will rally on the relief. If European leaders disappoint, yet again, we could see a slide in the euro. Some of the more dramatic even predict the end of the euro if an agreement about handling sovereign debt bailouts can’t be reached. At 13:02 GMT EUR/USD is lower at 1.3898, down from the open at 1.3930. EUR/GBP is also lower, moving down to 0.8688 from the open at 0.8708. Even EUR/JPY has dropped down to 105.72 from the open at 106.00. Posted on Forex News. |
NZD Reverses Rally as Inflation Slows Posted: 24 Oct 2011 07:16 PM PDT
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Australian Dollar Gains as Optimism Strengthens Posted: 24 Oct 2011 04:13 PM PDT
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GBP Higher Against USD — For Now Posted: 24 Oct 2011 10:04 AM PDT
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