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Forex in 60 Seconds - NFPs Plunge And The ECB Hikes Yet EURUSD Drops 200 Points

Thursday, 03 July 2008 22:20:07 GMT

Written by John Kicklighter, Currency Analyst


 ·          A 25bp hike from the ECB clearly wasn't enough for traders hoping for confirmation of further firming over the near term.
 ·          Though NFPs sank by 66,000, the dollar was little moved as market participants were expecting much worse.

Stories to watch on DailyFX

·          Find out where traders were positioned before today's event risk (on DailyFX) and after (at DailyFX-Plus).
·          Prepare for event risk next week by taking note of the top event risk on the DailyFX Calendar.

Send any comments or questions to jkicklighter@dailyfx.com

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