Thread: Market overview
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Unread 10-13-2010, 05:22 AM
effexx effexx is offline
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13.10.10

The Yuan continues to rise. The Chinese currency increases considerably during the last 6 weeks.

Today it was a first time in last days when the yen dropped against the euro and the dollar because due to the current market situation investors are willing to buy the risk currency.

The USD decreased against the EURO during the Asian session today according to the information that the US Federal Reserve will continue to use the quantitative easing by buying governments securities.

Also the pair GBP/USD regains on the weak dollar after Federal Reserve comments and during the European session hours the pair reaches the session high. Therefore GBP/USD recovers a little after the yesterday
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