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Forex Report, September 21 2007 |
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Yet again we've seen EUR/USD hit records highs as it creeped up to 1.4120 during the London session. It's cooled off just a bit since then, falling slightly below 1.4100 but still showing no signs of letting up.
The dollar has shown a bit of strength against the yen, slowly moving up into the 115.50 range, but still shows weakness in other areas. This is most evident against the now powerful loonie. The USD/CAD actually dipped below 1.00 briefly and is now just about stuck at 1.00. It will be very interesting to see what happens in the next couple of weeks with this pair.
Happy Trading!!!
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Forex Report