The Euro's rejection against the Greenback from intra-day high at 1.4348 has continued after the better than expected US Aug ISM non-manufacturing index. The EUR/USD has fallen around 50 pips in the last minutes from 1.4300 level to post intra-day lows close to 1.4245.The Euro has pulled back from intra-day high at 1.4348 to break 1.4285 support on the back of Trichet call to patience and prudence, on his Press release after the Bank announced its decision to keep its benchmark interest rate at 1.0%.
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Thursday, September 3, 2009
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