Correction expected for EURUSD |
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Swiss franc sideways Yen moves stronger – Euro weakness accentuated US dollar The weak economic data from Euroland as well as the falling oil price caused the USD to firm further. As soon as it became clear that hurricane Gustav was not going to lastingly affect oil extraction in the Gulf of Mexico, the oil price dropped below USD 110, thus hitting the lowest value since April. For the USD, this meant a jump to the strongest level since the start of the year. However, the negative correlation
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