Forex-euro Gains As Bearish Dollar Sentiment Persists

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Source: http://cloudcomputing.sys-con.com/node/2844767

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Source: http://www.bizjournals.com/prnewswire/press_releases/2013/10/22/PH00921

The data, however, did not reflect the true picture because California continued to process a backlog of applications caused by computer problems. The dollar fell broadly, hitting a near nine-month low against a basket of currencies of 79.081. It was last down 0.1 percent on the day at 79.149. Weak U.S. jobs data on Tuesday suggested the U.S. recovery was not yet on a firm footing, while a drop in the 10-year U.S.
Source: http://uk.reuters.com/article/2013/10/24/markets-forex-idUKL1N0IE0RF20131024

“The disappointing tone of the euro zone data will suggest that the euro is looking toppy up here, and this should keep euro/dollar in check,” said Foley. In the United States, jobless claims fell less than expected in the latest week to a seasonally adjusted 350,000. The data, however, did not reflect the true picture because California continued to process a backlog of applications caused by computer problems. The dollar fell broadly, hitting a near nine-month low against a basket of currencies of 79.081. It was last flat on the day at 79.233. Weak U.S.
Source: http://in.reuters.com/article/2013/10/24/markets-forex-idINL1N0IE14O20131024

Nevertheless the Fed noted that economic activity has been expanding at a moderate pace.. No change is expected now, especially as there is no accompanying press conference. Tapering could be pushed back as far as April. NZ rate decision: Wednesday, 20:00.
Source: http://www.fxstreet.com/analysis/forex-weekly-outlook/2013/10/25/

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