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Forex: Tuesday’s review
But later the euro rose against the majority of its most-traded counterparts as Slovakian lawmakers prepared to vote on a proposal to retool the euro region’s bailout fund. The 17-nation currency erased its decline versus the dollar as U.S. stocks reversed losses on third-quarter earnings optimism. The euro rallied yesterday the most in a year after Germany and France pledged to deliver a plan to support banks.
The pound weakened as U.K. manufacturing production contracted for a third month.
New Zealand’s dollar fell as the nation’s budget deficit was wider than forecast.
EUR/USD: yesterday essential changes hasn't occurred.
GBP/USD: yesterday the pair decreased
USD/JPY: yesterday holds in range Y76.60-Y77.75.
On Wednesday UK data continues at 0830GMT with labour market data. The September claimant count is expected to come in at 25k, with the rate at 5.0%. European data continues at 0900GMT with EMU industrial output for August. Finally, at 1830GMT,
ECB President Jean-Claude Trichet gives an address at the AFME annual dinner, in London.At 1730GMT, Philadelphia Fed President Charles Plosser delivers a speech on the economic outlook at Wharton in Philadelphia.
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