FX Levels for Today August 29 |
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Overview The USD firmed overnight, on the back of stronger than expected GDP data. The data also helped US stocks to firm. The data has helped to underline the recent sentiment in the market towards the US economy nearing the end of the credit crisis, while the rest of the world apeears to be lagging behind. As expected, the EUR was unable to remain the upside move following comments hawkish comments from an ECB official on Tuesday. The Dollar Index looks set for another crack above 78.00
Filed under: Fundamental
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