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Forex News and Rumors – Afternoon Update

Dollar Makes Big Gains

The dollar took back much of its recent losses against the euro today marking its biggest intra-day gain in almost four weeks. More [1]

Canadian Dollars Follows Oil Prices Downwards

The Canadian dollar lost ground today as oil dipped below $40 a barrel. More [2]

Pound Falls on Interest Rate Rumor

The pound fell closer to parity with the euro today as rumors that the Bank of England [3] may soon reduce rates to near-zero [4] continued to swirl about the market.

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Scott Boyd

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