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Daily Forex Commentary May 14, 2010

May 14, 2010 Euro Threatening “Lehman Brothers Low” The EUR USD touched its lowest level since October 2008 on Friday as investors continued to pull out of the currency on the fear that political and economic problems will lead to a collapse of the Euro Zone economy. The rapid decline is pushing toward the so-called “Lehman Brothers Low” at 1.2329. This support was established at the height of the global credit crisis and marks a time when a global financial disaster was avoided. … Read More …
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