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$ 1.3980 level and was supported around the $1.4025 level. Many data were released in the U.S. yesterday and they pointed to a deepening recession. First, weekly initial jobless claims reached a 26-year high, up 30,000 to 586,000. Nearly two million U.S. workers have lost their jobs this year and pushed the unemployment rate higher to 6.7%. Second, personal spending fell
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