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Forex Analysis: The yen can start falling this week

Forex Analysis: The yen can start falling this week

The yen can start falling this week

24 November 2014, EUR/USD

Euro

The euro has shown a sharp weakening on the trades against the dollar. The Eurozone manufacturing and service sectors activity reports were disappointing. The service sector index fell to 51.3 from 52.3 while the manufacturing sector index fell from 50.6 to 50.4. We should pay attention to the M. Draghi’s speech at the European Banking Congress in Frankfurt.

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