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Date Posted: 00:59:24 08/14/12 Tue
Author: Charisse Bartoli
Subject: Euro continues to rise as yen slips back

This morning, the weaker yen is helping to push the EUR/JPY higher this morning by 0.52%, with the USD/JPY up 0.25%.
The euro continues to show relative strength, with the EUR/GBP up by 0.2%.

Stock market futures indicate we're heading for a positive day, with the dollar index heading back in the other direction.

This morning we have UK CPI figures at 09.30 with inflation expected to drop slightly. At 10.00 we have German ZEW Economic sentiment, with eurozone flash GDP, industrial production and sentiment released at the same time. At 13.30 we have US core retail sales, with PPI out at the same time.

The USD/CAD his continued its down trend, with the Canadian dollar showing considerable strength against the US dollar. This Canadian dollar strength currently puts the USD/ CAD on its third straight solid losing month, something that hasn't happened since 2009.

While the long term trend could continue, there is likely to be a pull back in the short term. A good way to play this on BetOnMarkets.com may be a HIGHER trade predicting that the USD/CAD will close above 1.0000 in 30 days time for a potential return of 213%.

Get this trade now, go to: http://goo.gl/Ybp1Z

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