Euro falls on Irish bailout doubts
The euro fell against the US dollar on Thursday and looked set to retest the key US.30 level after a ratings agency downgraded Ireland’s sovereign debt rating as an opposition party there earlier said it would vote against a bailout package for the debt-laden country.
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U.S. bonds rise, supporting stocks; euro slips
NEW YORK (Reuters) – U.S. government bond prices recovered on Thursday from a sharp sell-off earlier in the week, supporting equity markets, but the euro fell on renewed concerns about the euro-zone debt …
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USD/CHF Classical 12.9
USD/CHF: We contend that the market is in the process of carving a material base by 0.9460, and any setbacks should be very well supported in favor of a sustained recovery. A fresh higher low has now been confirmed by 0.9550 following the latest break back above 0.9975, and the market should now accelerate beyond parity towards our next key topside objective in the 1.0280-1.0500 area over the …
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USD/JPY Classical 12.9
USD/JPY : Although the market continues to recover with prospects for a material base looking more and more encouraging following the recent break back above the daily Ichimoku cloud, inability to establish any meaningful upside momentum beyond 84.00 suggests that the recovery could be on hold for a bit, with the market now in the process of consolidating. Ultimately however, while the pair …
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