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Canadian Dollar Moves Higher as Equities Make Major Gains

The Canadian dollar is moving higher against the greenback as positive sentiment sweeps all asset classes on Thursday morning.USD/CAD has been on a steady decline through the entire trading session, giving up more than 2 cents on the day. The cross has given up most of its gains since March 30 and is now trading below strong support at 1.24 CAD.Currency strategists will continue to look to equity markets for further direction in USD/CAD. Equities received a

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Japanese Yen Falls Lower on Economic Uncertainty

USD/JPY is trading near recent highs and a weaker outlook for the Japanese economy could lead to further losses in the yen, according to currency strategists.The U.S. dollar has made significant gains against the Japanese yen on Tuesday following Monday's sharp sell-off. USD/JPY continues to hold on to major gains, trading above 98.00 JPY. The cross has seen a steady rise since hitting session lows at 97.00 JPY in overnight trading. The yen is one of the

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Gloomy Sentiment Drags Down Canadian Dollar Against USD

Negative market sentiment is the dominant theme dragging down the Canadian dollar against the USD Tuesday morning.It's been a volatile day for USD/CAD and although the Canadian dollar is under pressure, it is still one of the best performers on the day against the greenback. The Asian session started off strong for the U.S. dollar as it marched higher against the loonie. The cross fell back in the European session, hitting its daily lows at 1.2383 CAD.USD/CAD

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EUR/USD: Euro consolidates above 1.3330 and approaches 1.3400

FXstreet.com (Barcelona) ? The Euro has remained at high levels after yesterday rally, and downside correction has been supported at 1.3330 on early European session, to bounce and approach 1.3400 at the time of writing.According to the Swiss e Trade Strategy Team, the Euro mightr attempt to rise higher again: ?The euro is consolidating its higher levels reached yesterday against the dollar in early European trading and is currently priced at 1.3370. We see some higher levels being approached today,

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Dollar mixed in light activity during the American session

FXstreet.com (Buenos Aires) - With thin liquidity ahead of tomorrow?s holiday in several European countries, dollar ended the day mixed across the board, this last day of April. Gbp and Canadian dollar advance against dollar, printing the most interesting winnings of the day, while Euro and Swiss Franc corrected from early European highs, yet spent most of the American session consolidating ending the day negative. Wall Street rallied following previous sessions stocks, despite Chrysler filed for bankruptcy protection in a

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USD/JPY tests 96.30

!--TITOL: h1USD/JPY tests 96.30FITITOL--FXstreet.com (Córdoba) ? Dollar is rising against Yen after reaching the lowest price since March 20 at 94.54. USD/JPY rose to 96.33 fresh intra-day high. Current price for the pair is 96.25 which is 1.26% above opening price. br /br /On the upside resistance levels lie at 96.30 (today highs) and 96.70 (April 13 highs). Support could be found at 96.00 95.65 and 95.15. Yen is also losing against European currencies br /br /For more information, read

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Euro Shrugs off German Ifo and Moves Higher Following U.S. Durable Goods

A record drop in Germany's Ifo index is not having much impact on the euro as it continues to trade above key support levels against the U.S. dollar. The euro also received some support following the U.S. durable goods report for February.Overnight trading was relatively quiet for EUR/USD. The cross started to sell off just ahead of the Ifo report's release, hitting session lows of 1.3419 USD. Since the data, the euro has trended higher and is

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Forex: EUR/USD: Euro rallies to test levels above 1.3035

FXstreet.com (Barcelona) ? The Euro has rallied on late Asian session to reach levels above 1.3035, after having remained trading in range around 1.3000 for most of the session.. At the moment the Euro moves at 1.3045, with 1.3060 level on sight.In case of moving above 1.3065, next resistance level might lie at 1.3090 (Apr 10 low) and above here, 13125/45 (Apr 16 and 15 lows). On the downside, 1.3035 (Apr 22 low) and once below here, today?s low at

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Forex: USD/CHF rises above 1.1400 again

FXstreet.com (Córdoba) ? Dollar recovers across the board of yesterday losses. Against the Swiss Franc is rising 0.50% for the day. During the American Session USD/CHF fell to support zone at 1.1370 and rebounded. Now is testing levels above resistance at 1.1415 reaching intra-day high at 1.1430. Next resistance is at 1.1440. The pair has been moving in an uptrend since reaching 3-week lows at 1.1269 during the Asian session.For more information, read our latest forex news.

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