Foreign Currency Exchange Outlook: USD, NZD, AUS, Sterling GBP - Forex ACM - 7-14-09

USD fell against majors earlier as recent upbeat US data boosted hopes that global economy was reaching a bottom. The positive outlooks stem from Thursdays us data showing the number of people on jobless benefits fell for the first time since January while mid atlantic region manufacturing shrank less than expected. Investors came back to buy higher yielding currencies such as the Australian and new Zealand dollars and for some traders focus is on next weeks fed meeting and treasury auction.

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• USD
• NZD
• AUS
• Sterling GBP
• Forex ACM
• Melvin Harris