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Thread: Dollar turns higher and the euro under pressure before Draghi's comments

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    Banned Gamabunta is on a distinguished road Gamabunta's Avatar
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    Dollar turns higher and the euro under pressure before Draghi's comments

    Conversion of the US dollar to rise in the European market on Wednesday against a basket of private currencies the euro and the Japanese yen after the decline in the Asian market within the rebound from the highest level in seven months operations, benefited some investors from the decline in the construction of new purchasing centers in the light of the strong expectations to increase US interest rates month Next, the euro trimmed gains ahead of Mario Draghi's remarks Governor of the European Central Bank.
    The US dollar index is trading by the time 11:35 GMT on the level of 99.26 points from the opening level of 99.18 points and recorded the highest level of 99.28 points and 98.87 points, the lowest level.
    The index traded higher yesterday exceeded 0.1 percent, its highest level in seven months 99.59 points, reflecting the broad demand for buying the US currency versus the majority of the major currencies.
    The biggest supporter of the US dollar during the recent period is to reach the likelihood raise US interest rates in December to a special climax after the report exceeded expectations for the new posts US economy during October confirmed the strength of the labor market, which will make it easier for monetary policy, Federal Reserve makers tighten monetary policy and increase interest rates for the first time since 2006.
    This and the absence of banks and important data from the US today for the financial markets due to spend a public holiday in celebration of Veterans Day.
    The pair is trading the euro against the US dollar by at 11:41 GMT, on the level of 1.0717 from an opening price of 1.0721 after recording the highest price and the lowest price of 1.0772 1.0715.
    The euro pared its gains investigator Asian market against the US dollar and the decline of the European session with anticipation Mario Draghi, the governor of the European Central Bank's comments investors by at 13:15 GMT at a forum organized by the British central London, is expected to address in his speech monetary policies of the Bank of Europe and the potential for expansion or extend monetary stimulus program through the Bank meeting next month.

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    Senior Member Fatehpuri is an unknown quantity at this point Fatehpuri's Avatar
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    he greenback hit a day's high of $1.0921 against the euro, up 0.2 percent on the day after the Bank's decision, with investors awaiting a press conference from 1230 GMT for any signs of a drift at the bank towards reining in its stimulus program later this year. The dollar index, which measures the dollar against a basket of peers was up 0.1 percent at 99.097

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    jo dollar ki situation abi chal rrahee thi k dollar eur k mokablay main kafi neechay ja raha tha laiakn ab kuch times say mujay aisay lgata hai k yeh kaafi up jayeh ga and akfi strong position chla jayeh jis say taraders ko faida utha chaiyeh.

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