Sunday, June 22, 2008

US Consumer Prices, EU Referendum and G8 Meeting Weighs on Euro

Since the beginning of this week, the Euro has fallen more than 500 pips against the US dollar, its biggest weekly gain in 3 years. The prospect of a rate hike by the Federal Reserve in August and/or September as well as key event risks over the next 48 hours has currency traders rushing [...]

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