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Forex News

Forex: USD/JPY dips below 87.00, testing 86.80 supportThursday, July 29, 2010 @ 6:28AMFXstreet.com (Barcelona) - Dollar rejection from Yesterday's high at 88.10 has extended on European session, after a timid recovery attempt, which has been capped at 87.45 area, and the pair has broken below 87.00/10 support area to test 86.80 at the moment of writing.

FOREX-Euro hits 11-week high vs broadly weak dollarThursday, July 29, 2010 @ 6:11AMFOREX-Euro hits 11-week high vs broadly weak dollar

Forex: GBP/USD rally capped at 1.5660Thursday, July 29, 2010 @ 5:58AMFXstreet.com (Barcelona) - The Pound attempted to extend rally from 1.5120 low last week, and the pair managed to break higher on early European session, reaching fresh 5-month high at 1.5660, to ease afterwards to 1.5630 area at the moment of writing.

Daily ShareChat: RakonThursday, July 29, 2010 @ 5:47AMCrystal timing devices manufacturer Rakon's 400,000 euro (NZ$709,220) purchase of France-based competitor Temex is positive and should hasten the turn-around in both company's under-performing and loss-making French operations, says Jason Familton, an analyst at First NZ Capital.

FOREX-Euro hits 11-week high vs broadly weak dollarThursday, July 29, 2010 @ 5:43AM* Euro hits 11-wk high $1.3085, $1.3050 barriers broken

Forex: The Swissy takes the spotlightThursday, July 29, 2010 @ 5:43AMFXstreet.com (Barcelona) - The Swiss Franc advanced aggressively on Thursday, developing a corrective run targeting higher levels against the Euro. EUR/CHF pierced 1.3700 , extending its move to a new intra-day low at 1.3685. Current price continues to push lower around 1.3687, a 0.32% lower than previous close.

Forex: AUD/USD pares yesterday's loses and returns to 0.9035Thursday, July 29, 2010 @ 5:28AMFXstreet.com (Barcelona) - Australian Dollar is going through a strong recovery on Thursday as the pair has rallied more tan 130 pips during the day, bouncing from 0.8905 to regain all the ground lost on Wednesday and reach 0.9025/35 resistance area.

SNAPSHOT-Indian policy highlights on Thursday, July 29Thursday, July 29, 2010 @ 5:22AMNEW DELHI, July 29 (Reuters) - Following are statements from Indian policymakers as well as the latest news and scheduled events.

Pakistan's forex reserves fall to $16.56 blnThursday, July 29, 2010 @ 5:15AMKARACHI, July 29 (Reuters) - Pakistan's foreign exchange reserves fell to $16.56 billion in the week ending July 23, from $16.70 billion a week ago, the central bank said on Thursday.