Friday, March 13, 2009

Euro is advancing ahead of the open of U.S. stocks

Euro is advancing ahead of the open of U.S. stocks as futures point to a fourth straight day of gains. This has sent risk appetite higher, leading traders to sell the safe haven dollar. Fri morning in NY, EUR/USD was at 1.2919 from 1.2924 late Thu, and USD/JPY was at 98.36 from 97.63, according to EBS. EUR/JPY was at 127.09 from 126.20. GBP/USD was at 1.4018 from 1.3955, and USD/CHF was at 1.1911 from 1.1844 Thu.

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