Daily Forex Overview |
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Previous session overview On Thursday, the euro fell to a fresh one-year low against the dollar and more than a two-year low against the yen after currency traders began to more aggressively price in euro zone rate cuts and a recession. This is a shift in the eye of the current financial crisis. The markets appetite to buy the USD on the prospect of lower Euro-zone interest rates was tempered by a plunge in US factory orders and a 7-year high print in jobless claims. The euro's sharp fall over
Filed under: Fundamental
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