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08.11.10
The USD recovered against its main competitors after US nonfarm payrolls figures were better than expected. Only the Japanese Yen continues to rise and do not let USD regain.
The European markets are in downtrend mood today: the Euro dropped to a new session low and Eur/Usd approaches the important area of 1.4000.
The last week was under the sign of Fed meeting regarding the second QE round. Since today markets will be concentrated on other important events. Within this week the Euro zone economic will be at the center of attention.
Due to unsteady US dollar currently investors find the Gold as the best investments protection.
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