12/9/2008 - the current market sentiment |
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The Single currency The Single currency which was suffering recently from the market focusing on the negative impact of the US slowing growth because of the credit crunch on the EU has managed finally to correct some of its losses versus the greenback. The single currency has come down lower than 1.39 forming a reversing hummer sign and visiting 1.41 right now after surprising weak US retail sales came at -3% monthly in August and excluding auto sales the figure came down by .7% in august from
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