Asia Session |
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After the violent US Dollar reversal in the NY session, things stabilized a bit in a Japanese holiday subdued Asian session. While NY witnessed record moves in Crude Oil and EUR/USD as well as eroding confidence in the Fed bailout plan leading to an equity meltdown, Asia saw moves early, but range bound trading quickly ensued. EUR/USD opened near the 1.4760 lows, hit a high of 1.4826, and traded up and down in a 35 pip range for the rest of the session. Many traders now see 1.5000 as a reality
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