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(9/14) DailyFX - U.S. Open
Japanese Yen: Appreciates as Risk Appetite Tapers
Pound: U.K. Economic Outlook Deteriorates
Euro: Industrial Outputs, Employment Falter
US Dollar: Fed Officials to Speak on Financial Regulation, Economy
Euro, British Pound Lose Ground as Economic Outlook Falters
The British pound halted the four-day rally and pared gains from the previous week to reach a low of 1.6521 against the greenback, and the GBP/USD may continue to retrace the September advance as the economic outlook for the U.K. remains weak. The European Commission anticipates economic activity to expand 0.2% in the third quarter but forecasts the economic recovery to remain weak following the slump in private sector spending, and projects GDP to expand 0.5% in the final three-months of the year.
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