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barbara

Euro rises while USD and GPB are still under pressure

5 posts in this topic

Hi guys, how are you doing ;)

The US dollar fell against major currencies as its safe haven appeal faded and traders turned attention to global equities and riskier currencies instead. European, US and Asian stock markets all managed gains Wednesday on hopes that a global economic recovery is not too far away. Sterling meanwhile remained under pressure against the euro on ongoing concern about the outlook for the UK economy.

The euro rose to $1.2828 from $1.2679. Sterling rose against the dollar to $1.3851 from $1.3743 while the euro rose 0.8% to 92.90p against the pound after hitting a high of 93.01p."

Cheers!

Barbie :rolleyes:

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Thanks for this very good info you have here. Hopefully these different currencies can rise up and will go further the line to get out from economic recession and turmoil that every country is facing today.

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Hmm, if this is the case think it would be better if I earn in Euros and not in US dollars lols. Na, in anyway it will just be the same game, the same situation as the big and powerful countries struggle with their respective economies and everybody in the world is very affected especially those in the third world countries.

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At least there's a teeny weeny ray of hope in that news. Let's just continue to cross our fingers that everything would be better.

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I continue to believe that the EUR/USD will trade within a fairly wide range through the foreseeable future. Prices rise and fall and past performance is no assurance of future performance. So we will just continue to cross our finger til we get through this crisis.

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