13 September 2002, 12:33 USD under pressure
After having traded in a narrow range, the dollar eventually shed ground because of weaker US stocks. EUR/USD bounced towards 0.9830 this morning and USD/JPY fell towards 119.70. Today, only stronger-than-expected US retail sales and a positive University of Michigan confidence index could support the greenback. On the contrary, deceiving data could weigh on US stocks and push EUR/USD towards 0.9840. ///www.idealforex.sg-ib.com/
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