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NEW YORK, Nov 10 (Reuters) - The U.S. dollar surrendered early gains to trade lower versus the yen on Monday as stocks on Wall Street fell.

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What do you think of Andrew’s analysis and vidoes? Send your comments to jkicklighter@dailyfx.com. ©2008 DailyFX. All Rights Reserved.

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Given the mounting fears of a global recession, indicators of economic growth have been drawing quite a bit of attention lately.

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The NZD/USD Forex pair has been downtrending since June. It’s going to be interesting to see if Tuesday’s RBNZ Financial Stability Report or the press conference will change sentiment.

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FRANKFURT -(Dow Jones)- The European Central Bank Monday allotted EUR10.590 billion worth of funds in a seven-day foreign-exchange swap in which it provided Swiss francs against euros at a fixed price.

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10 November 2008 Trading in foreign exchange, which saw global daily volumes of more than $3 trillion (Dh11trn) last year, has been drawing interest from investors across the world.

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Within the last hour our Forex Buy/Sell Automated Trading Signals indicated two trading opportunities. Our “Breakout 1” signal has suggested a EURCHF Buy with trailing stop at 1.50. On the other hand our “Momentum 2” indicator points to a CHFJPY Sell with trailing stop at 86.52.

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KARACHI: Forex Dealers Association President, Malik Bostan has said that the foreign exchange dealers bring 7/8 billion dollars in the country everyday and such action against them was unjustifiable.

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Mumbai, Nov. 8 The country’s top bankers on Saturday welcomed the Reserve Bank of India’s move to provide forex liquidity to banks that are facing liquidity crunch following the drying up of lines of credit globally.

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COMMENT ON THIS ! Your Views! India’s leading lenders, State Bank of India and ICICI Bank, on Saturday said they may not use the special dollar window announced by the Reserve Bank on Friday, as they had enough forex liquidity.

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