Excerpt from: Futures and Commodity News
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| September 07, 2007 | | Economic data from the U.S. affects global currency market | Economic data from the U.S. often affects how the global currency market performs. Reuters explains the spot forex market and economic data from the U.S.:
"Everyone is looking forward to the non-farm payrolls... so
it will be a rather quiet market until we get the numbers. There
are a lot of questions about the Fed," said Elisabeth Andreew,
currency strategist at Nordea in Copenhagen.
Spread bets and CFDs should also take into account the effect of economic data on the global currency market.
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