U.S. Forex Market Commentary |
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EURO The euro moved lower vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.4790 level and was capped around the $1.4910 level. Technically, today’s intraday low was right around the 38.2% retracement of the move from $1.4630 to $1.4910. The U.S. dollar gained some ground after state-run Korea Development Bank indicated it may target Lehman Brothers in an acquisition. Traders await a speech from Federal Reserve Chairman Bernanke later
Filed under: Fundamental
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