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Thursday, June 21, 2012

Euro On The Up, Dollar Remains Resilient


The US Dollar held firm close to its one-month low against a basket of major currencies in early trading on Thursday, after the Federal Reserve delivered another dash of monetary stimulus.

While the Fed did not launch an aggressive program of buying bonds outright, it did go on to state that it was ready to do more if necessary.

Meanwhile, in Asia, all eyes are on the latest China manufacturing data due out later.

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