Forex | Forex | Return to the low-yielding currencies…. (03/09/2009 18:16:11)

Return to the low-yielding currencies….

Unlike the past EU session in which the Union currency was advancing against the green currency as overall stocks rallied and the European Central Bank was forecasted to increase its economic-growth projections, now traders are heading back to the low-yielding currencies as their appeal of a refuge asset is boosted mainly after that the ECB's Jean-Claude Trichet proclaimed that the economic recovery would not be as easy as forecasted and will require time, leaving the interest rates unchanged.


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