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Post subject: DXY is likely soon to be struck.
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Posted: Tue May 10, 2011 3:15 pm
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nirvanatgr
Experienced Member
Joined: 10 May 2011
Posts: 1594
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In Asian trading today, the U.S.
Dollar slipped broadly lower as markets
ponder the likely outcome of todays
Federal Open Market Committee Meeting.
As reported at 3:39 p.m.
(JST) in Tokyo, the greenback traded against the
Australian Dollar at $1.0853,
the lowest trade in 29 years.
While against the safe haven Swiss Franc,
the U.S. Dollar dropped to a record low 0.8669 Swiss Francs.
The U.S. Dollar Index, which measures the greenbacks
strength vis-à-vis a weighted basket of major currencies,
touched on a 3-year low of 73.493 .DXY earlier and traders
expect that the record low of 70.698 .
DXY is likely soon to be struck.
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