Mon
31
Dec
Forex Mid-Day Technical Report Dollar Reverses on Unexpected Rise in Existing Home Sales Dollar reverses earlier losses in early US session, riding on better than expected housing data. Existing home sales unexpected rose for the first time in 9 months from 4.97m to 5.00m annualized rate in Nov. Though one month's data is definitely not enough to signal the housing market has turned around. Nevertheless, dollar still managed to hold on to near term support against Euro and swissy as traders
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Monday, December 31st, 2007 at 7:08 pm
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