Wednesday, September 30, 2009

Commerzbank expects further weakening of the dollar

Analysts said Commerzbank, the dollar may continue to decline if the current report will indicate a slowdown in economic recovery. "Euro / dollar will be difficult to penetrate the area of support at 1.4500-1.4530. Moreover, if today's data will be worse than expected, the pessimism generated against the backdrop of yesterday's publication of an adverse report on consumer sentiment, only worse, resulting in the euro / dollar to 1.4780"

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