USD lower as risk appetite improves, Asian stocks rise |
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FX Highlights USD is trading lower pressured by rising global equity markets and speculation that the global recession may be nearing an end, Deutsche Bank raised its global economic forecast for 2010 to 2.5% from 2% and the Nikkei stock index rose 1.8% JPY is supported by report of improving manufacturing PMI, rising unemployment may dampen hope for recovery, GBP falls from 2009 high pressured by report of biggest contraction in UK GDP since 1958, rising UK house prices generate hope the
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