Wednesday November 24, 2010 - 09:48:56 GMT
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Forex Market"Hedging Sentiment Led Forex Market"
Forex Market"On Tuesday, due to the forex market worried about the Europe debt issue and the tight situation between North Korea and Public of Korea, the hedging sentiment became the main stream of the forex market. And the GBP declined signigicantly.
The forex prcie of GBP/USD quoted 1.5942 at the opening, the highest was 1.5953 while the lowest was 1.5757.
Yesterday, there was fight between North Korea and Republich of Korea, making the forex marekt shadowed once again that suffered from Europe sovereign debt crisis, the hedging sentiment led the forex market.
GBP and other risk currency was sold one after another. Afterwards, there was the other factors to attack,leading to the substantial decline of GBP."
Edited By Sarah
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