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By Advanced Currency Markets, Jutia Group |
Jul 03, 2009 |
G10 Advancers and Decliners vs USD |
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JPY |
0.103 |
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EUR |
-0.098 |
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CHF |
-0.178 |
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GBP |
-0.272 |
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NFP’s disappoint by showing a -467K decline in payrolls, 100K more than the consensus. This underlines the vast layoffs from the GM and Chrysler debacle and the continuing difficulty to revive the economy. The EURUSD dropped from it’s high 1.41’s as low as 1.3930 before rebounding. While the pair broke it’s range momentarily only a healthy breakout below the 1.3900 support will prove sufficient… |
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