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EUR/USD Weakens On Poor Economic Data

Money Mind - Forex

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Old 03-05-2012, 02:30 PM
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Default EUR/USD Weakens On Poor Economic Data

On Wednesday Euro/Dollar decreased significantly with 120 pips. The European currency depreciated from 1.3284 to 1.3120 yesterday on poor economic data, matching the negative Interbank sentiment projection at bellow -4%, closing the day at 1.3157. This morning the Euro is trading quietly, with movements at the lower end of yesterday's range for now.

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