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Forex in 60 Seconds - Euro, British Pound, US Dollar All Face Event Risk From Central Bank Decision, Comments

Wednesday, 09 July 2008 20:48:31 GMT

Written by Terri Belkas, Currency Analyst

 ·          Weak German trade data weighs on EUR/USD early in the morning, but hawkish comments by Trichet reignite a rally.
 ·          Heavy event risk looms tomorrow as the ECB Monthly Report will be released, the BoE will announce their rate decision, and Fed Chairman Bernanke will speak.

Stories to watch on DailyFX

·          The Bank of England's rate decision will be announced on Thursday - will they consider hiking in Q3?
·          Technical traders - whether you use elliot wave, candlesticks or fibonacci) - you can get your analysis at DailyFX.com

Send any comments or questions to tbelkas@dailyfx.com

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