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GBP/USD; Sterling closing New York session at 1.4690

FXstreet.com (Jakarta) - The Sterling (GBP) rebounded with stocks supported by EUR/GBP selling and GBP/JPY buying. A lot of data is ahead of us this week including Q1 GDP which will be critical in the pounds short term direction. CPI (Mar) came in at 2.9% y/y as expected.?Overall the GBP/USD traded with a low of 1.4481 and a high of 1.4706 before closing the day at 1.4690 in the New York sesión,? said Easy Forex Team.For more information, read our

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Sterling closing at 1.4780

FXstreet.com (Jakarta) - The Sterling (GBP) was able to overextend gains on the back of GFK consumer confidence jumping to -27 vs. -29 previously. Nationwide HPI was at -0.4% vs. -1.2% previously.Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4705 and a high of 1.4946 before closing the day at 1.4780 in the New York session.?For more information, read our latest forex news.

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Traders Hesitant to Short U.S. Dollar Ahead of Friday's NFP Report

U.S. dollar bears could be a little hesitant to look for further losses in the greenback ahead of Friday's nonfarm payrolls report.The U.S. dollar was under extreme pressure Thursday as U.S. equity indexes showed almost 3% gains across the board. The U.S. dollar index lost a full point on the day, closing at 84.446. The greenback gave back most of the gains it has made since March 27. Investors on Thursday morning were eager to move away from

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Yen closing New York session around 96.10

FXstreet.com (Jakarta) - The Japanese Yen (JPY) spent most of the day above the 96 Yen level with the Nikkei enjoying 2% gains and the crosses supporting. Japanese Q1 GDP -4.0% was slightly better than the -4.2% forecast but still at long term lows.?Concerning was the Capex which felt the largest drop on record,? said Easy Forex Team. Overall the USDJPY traded with a low of 95.89 and a high of 96.73 before closing the day around 96.10

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Euro closing at 1.4015

FXstreet.com (Jakarta) - The Euro (EUR) orbited 1.4000 during the day with profit taking and risk aversion failing to make a lasting impact on the pair. USD weakness has allowed a resurgent Euro to make substantial gains over the last week.May German IFO Business Climate was at 84.2 vs. 85.5 forecast. Overall the EUR/USD traded with a low of 1.3957 and a high of 1.4048 before closing at 1.4015, said Easy Forex Team.For more information, read our latest forex news.

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USD rating remains stable, new trend for greenback

FXstreet.com (Buenos Aires) - The U.S. credit ranking remains at AAA Moody?s Investor Service spokesman said Today. Fears of a probable downgrade triggered a selloff of U.S. assets starting early in the American session, with Wall Street and S&P closing to the downside, and dollar falling to record lows against major rivals. Despite that, dollar is unable to recoup ground, and at current levels, dollar is set to begin a longer term falling trend. Weekly close for majors tomorrow

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Euro closing at 1.4011

FXstreet.com (Jakarta) - The Euro (EUR) the break above 1.4000 was relatively calm with the market not ready to push further without extra stimulus. The move higher was aggressive during the week and could be in store for consolidation if the AAA story fades from view.Overall the EUR/USD traded with a low of 1.3885 and a high of .1.4051 before closing at 1.4011, said Easy Forex Team.For more information, read our latest forex news.

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Les marchés européens en léger recul, le dollar se redresse

En ce mardi 17 Mars 2009, les places boursières européennes clôturent dans le rouge en dépit du rebond de Wall Street. L'indice parisien CAC 40 cède 0.87% à 2767.30 points. Outre-rhin et outre-manche le Dax et le Footsie abandonnent respectivement -1.40% et -0.37%. Et pourtant deux indicateurs américains sont ressortis meilleurs prévus juste avant l'ouverture de Wall Street. En effet, les prix à la production industrielle aux Etats-Unis ont augmenté de 0.1% soit une décélération de -1.4% à -1.3% pour

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GBP/USD; Sterling closing New York session at 1.4690

FXstreet.com (Jakarta) - The Sterling (GBP) rebounded with stocks supported by EUR/GBP selling and GBP/JPY buying. A lot of data is ahead of us this week including Q1 GDP which will be critical in the pounds short term direction. CPI (Mar) came in at 2.9% y/y as expected.?Overall the GBP/USD traded with a low of 1.4481 and a high of 1.4706 before closing the day at 1.4690 in the New York sesión,? said Easy Forex Team.For more information, read our

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Sterling closing the day at 1.4675

FXstreet.com (Jakarta) - The Sterling (GBP) had a mixed day coming under pressure in Europe as Q1 GDP came out at -1.9% vs. -1.6% previously. Helping the pair off lows was the better than expected March Retail Sales at 0.3% vs. -0.3%. Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4577 and a high of 1.4773 before closing the day at 1.4675 in the New York session.?For more information, read our latest forex news.

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