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USD Posts Mixed Results Due to Few Economic Data

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September 8, 2010 at 4:32 am

Forex trading investors had little to work with on September 7th as economic data in the US and the Euro zone was minimal. As a result, the US dollar had mixed results against the other forex majors in the market. The EUR/USD pair itself is on a recent upward trend, and the forex pair traded at a high of 1.2919 and a low of 1.2867. In the US, the Labor Day holiday resulted in closed stock markets and banks. Crude oil fell by 0.2% to close at $74.06 per barrel and gold remained nearly unchanged at $1,250 per ounce.

The GBP/USD pair traded at a high of 1.5489 and a low of 1.5344, posting losses against the IS dollar. The British pound also weakened for the fifth consecutive day against the euro. In Japan, the yen gained a little against the dollar, with the USD/JPY trading at a high of 84.49 and a low of 84.04.

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