FOREXYARD: Forex News Blog

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Market Review 15.5.12 Posted: 15 May 2012 03:15 AM PDT The euro dropped to a fresh four-month low in overnight trading as investors remain concerned about Greece's prospects for staying in the euro-zone. The US dollar saw a slight upward correction against the yen, but was unable to advance above 80.00. Main News for Today German ZEW Economic Sentiment-09:00 GMT • Forecasted to come in at 19.1, slightly below last month's figure • If it comes in at or above expectations, the euro could see temporary gains against USD, JPY US Core CPI, Core Retail Sales, Retail Sales-12:30 GMT • Investors will be closely watching all three of these indicators • If they come in below expected levels, it will likely raise fears that the Fed will initiate a new round of quantitative easing which could result in heavy dollar losses against yen • Any better than expected results could help the dollar recoup losses against JPY Read more forex news on our forex blog

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