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Is China the EUR/USD's Knight in Shining Armor?

By: Learning Markets
Posted: 12/21/2010 2:17:00 AM
Referenced Stocks:
  EU Leaders Meet for Summit

The euro is seeing new signs of life, and the EUR/USD is holding at support thanks to "concrete actions" taken by China to help stabilize struggling countries in the Eurozone. Of course, we don't know what "concrete actions" really means, but traders are speculating that it means something positive. After all, China has a lot of money and a lot of resources at its disposal that it can use for political and economic gains.

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Here are a few of the topics we discussed in today's Ask the Expert: Forex video.

- EUR/USD bounces off support at 1.3100
- CHF continues to gain ground as Portugal gets downgraded
- AUD/USD back at parity
- CAD weakens as inflation pressure drops on CPI report
- GBP loses strength on news of higher-than-expected government borrowing
- And much, much more

This article is part of our free daily live webinars. Click  here to sign up or view the recording.

[hdplay videoid=260 height=360 width=640 autoplay=false]
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