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Friday, July 16, 2010

Dollar Finally Gains Traction as Sentiment Plunges but Fundamental Catalysts Undermine Advance

• Euro Eases off its Risk Course but the EU Stress Test Results Next Week Will Determine its Bearing
• British Pound Tumbles Ahead of Week Loaded with Growth, Interest Rate and Financial Health Updates
• Japanese Yen Further Retreats into its Role as the FX Market’s Favored Funding Currency
• New Zealand Dollar Suffers its Biggest Drop Since October as Inflation Data Accelerates Risk Aversion

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[Source: DailyFX Forex Market News]

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