Big Moves on the Forex on Friday
For the better part of this past week, the Euro, Japanese Yen and British pound have been trapped within a tight trading range against the US dollar. Even though the moves today in all 3 of these currency pairs have been relatively significant, especially in the EUR/USD, they pale in comparison to the moves in the Australian and New Zealand dollars. The Australian dollar hit a new 24 year high on the back of rising gold prices and rumors that China could invest in Australian mining giant BHP
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