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FOREX TRADING NEWS

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Re: FOREX TRADING NEWS

Post by XREDXR on Thu May 12, 2011 5:54 am

ECB is growing frustrated with the handling of monetary policy by the U.S. Federal Reserve, which has allowed the U.S. Dollar to depreciate significantly over the last several months. As reported at 2:31 p.m. (JST) in Tokyo, the Euro was traded at $1.4532, a decline of 0.3% and well off the 16-month peak struck last week when the pair hit $1.4649. Analysts say the Euro, which has been steadily rising against the greenback, was ready for a pull-back.



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