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Euro Tried To Retrace After The Cyprus Gap
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Yesterday, the Euro was finally able to recover against the dollar and is currently pursuing its course this morning with a high at $ 1.3070. Prices in the euro dollar (EUR / USD) currently remain between $ 1.30 and $ 1.3130 and may range in this area for a few sessions.
In econom Read more ...
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Euro Hits New Lows As Worry Spreads Beyond The Boundaries
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The European single currency fell below the symbolic $ 1.30 Friday on multiple concerns weighing on global growth. Which in turn benefits the price of the dollar.
While the strong euro was still being debated just two weeks ago, at least by the French Government, the European single currency is showing signs of accentuated weakness. On Fr Read more ...
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Increase of 4,000 in Jobless Claims Indicates Slow Improvement in US Employment
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If the notion that US economy is modestly growing widespread then it is probably true as far as employment situation and jobless claims are concerned. US jobless claims increased by 4,000 in the first week of 2013 as announced by the US Labor Department in the latest report. Initial jobless claims stood at 371,000 for the week ending January 5
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Euro Breaks Resistance But Takes A Break
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Right now the euro is taking a rest, combining recent increases at the high end of its range, after reaching above the 7 – month high at the begin of the week supported by purchasing data. The EUR/USD took a peak above the 1.3172 level, which capped rallies and gains in September, and attained its greatest price since early May at 1.3185. Read more ...
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Business Confidence Lows Renew Market Fears
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The euro lost ground against the dollar on Monday, after new concerns were raised in relation to the decline of the business confidence index in Germany during September, while traders also closely monitored the situation in Greece and Spain.
At around 1600 GMT the euro had hit 1.2910 dollars. The euro also dropped back against the yen a Read more ...
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