US dollar is headed lower, thanks to the return of risk appetite. The news that the ECB will not cut interest rates is helping the euro against the greenback. General risk appetite means that Forex traders aren’t looking for safe haven, and that the US dollar is likely to remain lower for a while. Greenback is paring some of its losses against the euro with the latest ADP report for August. The news that the private sector added 201,000 jobs to the economy last month is leading to the belief that maybe QE3 isn’t...
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