U.S. Forex Market Commentary |
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EURO The euro lost ground vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4830 level and was capped around the $1.5015 level. The market was quite volatile on account of a few factors. First, traders remained skittish and attentive to the Dubai World situation. Dubai’s largest corporate entity on Wednesday asked creditors for a six-month standstill agreement on debt repayments. The entity’s total liabilities aggregate around US$ 60
Filed under: Fundamental
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