1/5/2010 4:09:36 PM
SunSet
Posts: -18
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After the first full day of trading to open the New Year which saw the euro rise rapidly versus the dollar, this pair has settled down substantially and moved into a sideways trading range
Through the early morning hours U.S., the pound continued to lose ground against the greenback, dropping below the 1.6000 level before finding any type of support. Driving sterling lower overnight was a worse than expected Construction PMI reading of 47.1.
http://www.forextv.com/Forex/News/LFB/ShowStory.jsp?seq=7377&category=
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