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Daily Financial News & Fundamental Analysis
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[QUOTE="candle7779, post: 45150, member: 17777"] Euro Finds Strength Despite Significant Decline in Construction Output The US Dollar rally has continued for another day, again finding the most strength against the risk correlated Australian Dollar and New Zealand Dollar. However, the Euro is trading higher against the green back at the time of this writing, following three days of EUR/USD declines. The most optimistic news out of Europe today was the announcement that EU new car registrations rose 1.7% in April, which was the first rise in car sales in nineteen months. However, on a more pessimistic note, construction output in March declined by 1.7% (seasonally adjusted), following the 0.3% in decline in February. Neither release seemed to have a significant effect on Forex trading. [/QUOTE]
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