Tuesday, April 29, 2008

US Dollar consolidates as Federal rate cut.

This week we will see the US Federal Reserve(FOMC) decision cut rate 25bp rate on this wednesday 30 April.The US Dollar will become strong again for this week.For currency pair Euro/USD will become weak and turning slithgly bearish.Euro/JPY will follow Eur/USD same as bearish down trend.So the conclusion for this week is major downtrend for this 2 pair.

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