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Fri, Jul 04 2008, 18:09 GMT New York  14:09 London  19:09 Barcelona  19:09 Tokyo  03:09 Sydney  04:09
EUR/USD  1.5697 | -1.18%      GBP/USD  1.9824 | -0.26%      100 JPY/USD  0.9371 | -0.53%      AUD/USD  0.964 | 0.19%      CHF/USD  0.9758 | -1.12%      CAD/USD  0.9812 | -0.44%      USD/JPY  106.7147 | 0.53%      
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Rates update: 2008-07-03
 
Euro retrace, probably downtrend will resume
 Posted on May-13-2008

Having some power back to the recent rally, the USD looks bullish enough to gain once more some momentum over the Euro, Swiss and Yen currencies. The CAD too started looking a bit weak positioned against the greenback above support of the long-held range. While the AUD continues to show stability on 0.93-0.94 although only very few chinks left in the armor despite clear deterioration in fundamentals as the yield advantage guide price action, the New NZD collapse has now accelerated be aware.

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