11/4/2008 - the current market sentiment |
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The USD has reacted strongly on the very better than expected initial jobless claim figure which declined by 53k to 357k from 407k in spite of the widening of the US trade deficit to 62.32$ b in February pushing the EURUSD lower than 1.58 after its recording its all times high at 1.5913 by the ECB meeting yesterday which kept the interest rate unchanged at 4% Trichet press conference after the ECB decision to keep the interest rate unchanged at 4% has shown how much the ECB Read More...
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