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Daily forex commentary on economic events, currency pairs, market observations
as well as support and resistance for major currencies traded in the foreign
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| | Wed, 01 Sep 2010 09:24:18 -0400 | | | U.S. dollar down against sterling and euro The U.S. dollar is down against the sterling and the euro in forex trading today. High beta currencies are moving higher as the global economic outlook gets a little boost from the positive manufacturing data out of China. Earlier, sterling moved lower against the U.S. dollar, but it has since recovered, and is now moving, along with the euro, higher in forex trading. The U.S. dollar is down across the board, losing ground to the Aussie and the yen on top of falling against the sterling and the euro.
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