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US dollar holds gains ahead of FOMC and jobs data

Broad bias for US dollar strength remains today, with markets waiting for the Federal Reserve policy announcement later today at 2pm New York time. The Asian session was relatively quiet, with little in the way of news or data. Markets will be driven by the FOMC decision. There will also be private US jobs data from ADP later today. Markets expect the Fed to continue with the current...

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October 30, 2013 @ 8:39 am

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Euro hovers at 2-year high, US dollar hit by higher jobless claims

The euro hovers at a two-year high against the dollar, recovering from a brief dip following Euro zone PMI business sentiment data for October which missed forecasts. EURUSD flirted with the $1.3800 level, peaking at $1.3825, which is the highest since November 2011. The euro remains bullish in the short term on the back of a weaker US dollar. The greenback was knocked down after...

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October 24, 2013 @ 1:33 pm

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Euro falls from 2-year high against US dollar

The US dollar extended losses against the yen during the European session, still suffering losses following the disappointing US nonfarm payrolls report yesterday. However the greenback managed to eke out some gains versus the euro and sterling. USDJPY tumbled to a European Session low of 97.14 yen. It was little changed during the session but on the day it has lost 0.7 percent. After a...

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October 23, 2013 @ 2:58 pm

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US Dollar firm as markets await US jobs report

The US dollar is the currency in focus today as attention shifts to the much-awaited US jobs data. The Asian session was relatively quiet and major pairs consolidated as investors wait in the sidelines for the delayed September nonfarm payrolls report which was due on October 4. The US government shutdown caused the late release. The unemployment report will be closely watched since it...

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October 22, 2013 @ 7:30 am

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