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Daily Analysis

German Data Leads to Additional Euro Losses

Friday, 25 May 2012 06:19:37 GMT

Disappointing German data sent the euro to fresh lows against the USD during European trading yesterday. In a sign that even the euro-zone's biggest economy was not immune from the region's debt crisis, the German Flash Manufacturing PMI and Ifo Business Climate both came in significantly below expectations. As a result, the EUR/USD dropped as low as 1.2515, close to a two-year low. As we close out the week, traders will want to continue monitoring any developments out of the euro-zone. Any new negative developments could send the common currency below $1.2500 before markets close for the week.

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Afternoon Forex Update

JPY Dropping Further

Monday, 19 Mar 2012 11:31:09 GMT

The euro made significant gains against the yen as the Japanese currency continues to drop further than analysts predicted. As of early Monday afternoon, the euro was trading against the yen at a rate of 109.81. This marks a five month high for the EUR/JPY pair.

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In Depth Currency Analysis
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Forex Blog by FOREXYARD

Market Review 23.5.12

Wednesday, 23 May 2012

Fears of a Greek exit from the euro-zone brought the EUR/USD within range of a four-month low yesterday. Facebook dropped another $2 a share during overnight trading while crude oil is trading below $91 a barrel.

Full article
Current Time: 05/26 04:48 GMT
# Time $€£¥ Event Per. Prev. Fore. Act. Imp.
05/28
00:30JPY+ Household Spending3.4% --3
00:30JPY+ Unemployment Rate4.5% --1
00:50JPY+ Retail Sales 10.3% --3
05/29
07:00CHF+ UBS Consumption Indicator1.22--1
07:00EUR+ German Import Prices0.7% --1
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