Dennis
08-26-2008, 10:13 AM
A week of rising oil prices saw the dollar consolidate after its recent rally. The euro posted its first gain against the greenback in six weeks and USD/JPY closed lower, marking the first drop in three weeks. Sterling, however, continued to lose ground after GDP numbers saw UK growth grind to a halt ending the country’s longest period of economic expansion in a century. Forex Focus video, full text, charts and forecast (http://www.coltfx.com/market-news-and-reviews-en/)
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