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EUR/USD extends losses

By   || June 8, 2009 at 08:14 GMT
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The aforementioned buy orders helped slow the decline in EUR/USD for awhile,  but didn’t manage to stop it. We’re presently at 1.3875.  Technical support now at 1.3845/50.

Slightly heightened risk aversion (S&P futures off 9 points at writing), ongoing concern over the Baltic states and anticipation of an early-ish hike in US rates are some of the factors pressuring the pairing.

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