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Forex: Dollar opens down across the board

Sun, Nov 29 2009, 23:30 GMT
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FXstreet.com (Buenos Aires) – After past Friday late sudden recovery of U.S. stocks and gold price, dollar fell against most rivals, and started Asian session in the same tone. Greenback is down against Euro that quotes above 1.5000, while Pound also gapped to the upside and struggles to stay above 1.6500. American futures are also up, supporting roses in local share markets.

Japanese yen is losing some ground against major rivals after reaching multi years high against dollar and several weeks’ highs against Euro and Gbp. GBP/JPY quotes at 142.87, while EUR/JPY is around 129.84. USD/JPY rose to test in early interbank trading, yet failed to break above 87.10, giving up ground and quoting at 86.65.

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Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

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Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

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