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EUR/USD Continues Way Up on Yesterday News

March 19, 2009 by

EUR/USD continued its seemingly unstoppable growth today after the Federal Reserve pledged to buy the U.S. treasuries with the printed money yesterday. The fundamental releases were quite mixed today and couldn’t affect the dollar’s fate. EUR/USD is now trading near 1.3698.

Initial jobless claims were at 646k last week — down from 658k reported for a previous week and better than 655k expected.

Leading indicators index decreased by 0.4% in February, following 0.4% growth in January, but they still performed better than the expected decline by 0.6%.

Philadelphia Fed index rose from -41.3 to -35 in March. It was expected to move up to -39.

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