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Long-term objectives could see Euro rise against USD

by Anthony Boyajian (Finotec Group Inc.) | Mon, Nov 16 2009, 12:57 GMT

Fundamental The euro rose for a second day against the dollar as signs the global economy is recovering boosted demand for higher-yielding assets.The euro gained against 12 of its 16 most-active counterparts as Japan’s gross domestic product expanded for a second-consecutive quarter. The dollar fell against 14 major currencies after Asia-Pacific leaders pledged to maintain stimulus measures until there’s “durable” growth. Technical Technical analysis shows us the euro may continue its uptrend


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