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EUR/USD risks fresh monthly highs on potentially solid Euro-Zone GDP data

–  Asian shares were subdued in early trade on early Friday, but still on track for a steep weekly loss in the wake of China’s shock currency devaluation earlier in the week.  – Crude oil futures remained under pressure, plunging to 6-1/2-year lows after data revealed a big rise in U.S. stockpiles, fuelling fears of […]

‘’Taper’’ was the trigger …dollar gains broadly

  Good Morning,   – ‘’Taper’’ was the trigger …dollar gains broadly yesterday after FEd’s decision. – Markets are steady today after yesterday’s party, euro on correction mode, tries to test 1.37 level again.   – Asian share markets rose on Thursday after the Federal Reserve drew the sting from tapering its stimulus by recommitting […]

The Australian dollar strengthened to the highest level in 11 weeks

 Good Morning ,   §  The yen rose against all but one of its 16 major counterparts as concern Europe’s leaders will be slow to implement measures to stem the region’s debt crisis supported demand for Japan’s currency as a haven. The yen climbed for a second day against the euro before German lawmakers vote […]