Asian Market Update
The EUR opened immediately higher against the USD, after the G8’s joint statement failed to mention the USD, but the USD soon rebounded after crude oil prices opened lower. Also some dealers expected the EUR’s G8 inspired gains to be muted because, even though the EUR declined sharply coming into…
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FX Overnight Briefing
The dollar held steady near a four-month high against the yen on Monday after dipping earlier on disappointment that Group of Eight countries had failed to address the weakness of the U.S. currency at a weekend meeting.
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