U.S. Forex Market Commentary |
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EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5655 level and was capped around the $1.5725 level. Liquidity was reduced on account of the U.S.’s Independent Day national holiday. Traders are still talking about yesterday’s post-rate hike comments from European Central Bank President Trichet in which he acknowledged risks of higher inflation and lower economic growth, adding the central bank has no policy bias at this
Filed under: Fundamental
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