Forex | Forex | The central bank cut its main interest rate (10/07/2009 12:28:22)

The central bank cut its main interest rate

Despite comments from a Chinese delegate at the G8 summit calling for reforms to the world?s currency system, the US dollar is slightly stronger this morning against most of its major counterparts. US equities also closed higher as investor confidence improved. Further, initial jobless claims came in somewhat better than expected providing additional support to the US dollar. After rallying yesterday, the GBP has faltered this morning on concerns over the coming political elections, an


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