Thursday, July 1, 2010

FOREXYARD Daily forex analysis on 1 July 2010

Headlines
* EUR/USD Spikes after European Banks Appear Stronger than Expected
The EUR/USD pair took off during yesterday's trading session. The rally was supported by low demand for loans offered by the ECB to European banks. Investors realized European banks might be in better financial conditions than previously thought and responded by buying the euro while selling other currencies. However,

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