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Category Forecasts

Title

Fitch Rating starts with rating cut in Europe

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Frequency Daily
Category Forecasts
Area Europe
Download Report Not Specified
Company Name ForexStrategy Team
Website Name www.forex-strategy.com
Time Submitted Jun 23 2010 5:36AM GMT

Header

EUR/USD (1.2262)
European & US sessions forecast levels: 1.2170/1.2465
Trend Sessions: European: Neutral/Downward
US: Neutral/Downward
Market Focus: 10:00 AM New Home Sales, 2:15 PM FOMC Interest rates decision.
Daily Strategy: The dollar strengthened against the euro on Tuesday as the investors back to the dollar after disappointed Exiting Home Sales report. The concerns in the Euro Zone rises after Fitch Ratings cut the European largest bank by deposits BNP Paribas SA. The other key news today come from the People's Bank of China that set new exchange rate at 6.8102 to the dollar, 0.18 percent weaker than Tuesday's rate of 6.7980.

Forecast by FS Team - For more forecasts and signals visit - www.forex-strategy.com



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