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February 15, 2008

GFT Market Recap: London Session

The USD started out the session making positive gains against the JPY but as the session went along the gains were erased and the USD ended at about where the pair started the day at, which was around 107.80. The USD did manage to capitalize against the GBP as speculation that the Pound is overvalued, in respect to the UK economic outlook, took form during the day. The EUR/USD slowly moved higher throughout the session as the pair traded to highs around 1.4695.

 

 

                RANGES

      11:00pm-7:00am EST

 

Low

High

EUR/USD

 1.4632

1.4694

GBP/USD

1.9603

1.9722

USD/JPY

107.80

108.30

USD/CHF

 1.0932

1.0986

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Topic Tags:  currency trading, dollar, euro, Euro, Forex market, Forex rates, forex resistance, forex software, Forex support, forex trading, Forex trading, Japanese Yen, US dollar
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