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EUR/USD Resumes Downfall on Moody’s Downgrades

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This post by ForexBlogger has been reprinted from Forex Blog.

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EUR/USD sank today, following yesterday’s gains, and resumed its downfall that had started on October 18. Moody’s Investors Service downgraded credit ratings of five Spanish regions, even though the rating agency maintained the sovereign rating of Spain itself last week. Adding to the negative sentiment, the US manufacturing index …

ForexBlogger @ October 23, 2012

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