Australian Dollar Rally To Be Short-Lived,Euro Capped By 20-Day SMA

The Australian dollar outperformed against its currency counterparts on Thursday as the economic docket reinforced an improved outlook for the region,while the Euro slipped to a low of 1.3165 as fears surrounding the European debt crisis continued to weigh on market sentiment.

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Daily Change . . . →Read More:Australian Dollar Rally To Be Short-Lived,Euro Capped By 20-Day SMA

British Pound Finds Bid on Broader Optimism but Downside Risks Remain with Cloudy Yield Outlook

The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening the door for a return of risk appetite. Strong fundamentals from the Euro-zone and the U.S. are also adding to growing optimism.

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The GBP/USD is consolidating recent losses as fears over Ireland begin to subside opening . . . →Read More:British Pound Finds Bid on Broader Optimism but Downside Risks Remain with Cloudy Yield Outlook

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