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16.07.2012 07:43

Forex: Friday’s review

On Friday the euro has risen sharply with no apparent reason. The opinion of market participants on this issue are divided: some say that this has happened to the rumors of currency purchases Austrian bank, others argue that this was due to the displacement of short positions. Well so does this one certainly can not say now. Now the euro is trading cautiously in the area reached maximum values. Significant movement also spread to other currency pairs.

The pound against the dollar during the entire session is rapidly declining, and is now trading near the maximum on July 11.

The course of the Australian dollar against the U.S. dollar during the day surprised by stable growth, while cutting off more than 80% of the losses that he suffered. The increase was caused by weak China GDP data, which are of concern regarding the prospects of the economy.

The yen strengthened during the session, and updated with a minimum of 11 July. Who is the course a little bit back from the minimum values​​, and shows a slight increase.

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