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Euro Advances to Face Strong Headwinds- AUD Back at Parity
Posted On Wednesday, 30 Nov 2011 By admin. Under Forex Technical Articles Tags: currency, day, Forex
The dollar remains on the defensive as yesterday’s risk rally persists in early US trade. The euro continues to lag however with the single currency sharply pairing pre-market advances. Here are the key levels to watch on the euro and the aussie.
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The idea of markets buying back into risk in the current environment is laughable and we take the time to rant in today’s Morning Slices…
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The Australian Dollar retains a near-perfect correlation to the Dow Jones Industrial Average, but what if you don’t want exposure to ‘risk’ in currency trades? The Euro/Canadian Dollar pair remains an attractive alternative.
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A daily overview of technical developments in the regional currencies. Take a look inside for the latest scoop on the Norwegian Krone and Swedish Krona.
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The 3Q GDP report is expected to instill a positive outlook for Canada as market participants expect to see a rebound in the growth rate, and the development could instill a bullish outlook for the Canadian dollar as the economic recovery gathers pace.
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