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EUR/USD slips little further, EUR/JPY and AUD/JPY selling noted

By   || March 3, 2010 at 10:20 GMT
|| 2 comments || Add comment

EUR/USD down to 1.3920 amid talk of hedge fund selling of the EUR/JPY and AUD/JPY crosses. This isn’t the first time I’ve heard hedge fund selling EUR/JPY today.  It has to be said though that it’s not alot lower on the day, presently at 120.90 from around 121.10 five hours ago.

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2 Responses to “EUR/USD slips little further, EUR/JPY and AUD/JPY selling noted”

  1. Alexander on March 3rd, 2010 10:27 GMT

    Good point, needs to poke around on the topside if it’s not reacting to the big bad hedge funds.

  2. Greenman on March 3rd, 2010 10:38 GMT

    the greek stock market moves slightly bearish. if it continues that way we may have a good indicator that the market should approach the 1.3500 level again. what’s your opinion?

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