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Monday, September 27, 2010

Majors retreat against the dollar in a correction movement

Monday, September 27, 2010
Majors retreat against the dollar in a correction movementWith the beginning of this week, the European currency fell against the dollar on believes the European banks will need more funds, lowering demand for the euro. Meanwhile, majors are trading in overbought areas, which stopped their gains due to the need of a correctional movement to the downside. The euro rose against the dollar

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