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Treasury Reports on Budget while USD at Highs

June 12, 2007 (Last updated on September 17, 2010) by

Today on Forex EUR/USD showed us a moderate decline. Bears were happy to see the new two month low at 1.3312. Ten minutes ago, U.S. Treasury reported its monthly statement about the U.S. budget showing its deficit at 67.7B (billion) level which is an indeed a great sum of money, but slightly lower than predicted by experts — 68.0B. Which might positively affect dollar on Forex.

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