Forex | Forex | Yen goes from a leading contender in the world's strongest currency contest to one of the weakest (15/07/2009 18:37:57)

Yen goes from a leading contender in the world's strongest currency contest to one of the weakest

EUR/USD Commentary and Trade Ideas The broad based demand for equities, responding to excellent earnings posted by Goldman and Intel, has revived risk appetite and sent the USD lower against most currencies. Currently the EUR is trading at 1.4090, near the high. The afterglow of yesterdays news has given stocks upside momentum, but how will the market behave with less cheery tidings? It is rumored that the Fed and FDIC are currently involved in intense negotiations with the CIT Group. No one


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