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Forex Trading News
August 31, 2010 by admin · Leave a Comment
Earlier this month, the Federal Reserve Bank of New York announced that the monetary authorities did not participate in the forex trading markets during the April-June quarter.
The U.S. dollar’s trade-weighted exchange value appreciated 3.6 percent during the second quarter of 2010, according to the federal Reverse Board’s major currencies index. The report highlighted the dollar’s differing results compared to other major currencies. For example, the dollar appreciated 10.4 percent against the euro, while depreciating 5.4 percent against the Japanese yen.
Banks, brokers and businesses involved in forex invest in uncertain times. According to the report, foreign exchange markets saw significant instability during the quarter, but overall trading conditions were considered orderly by market participants.
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