FX Update: February 18, 2013

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February 18, 2013 GBP/USD EUR/USD USD/CHF USD/JPY AUD/USD USD/CAD
Resistance (High) 1.5511 1.3381 0.9260 94.23 1.0316 1.0123
Support (Low) 1.5436 1.3320 0.9208 93.68 1.0273 1.0056
Forex News

Yen Weakens After G-20 Refrains From Censuring Japan

February 18, 2013 (Bloomberg) -- The yen weakened, extending losses that have made it the worst-performing major currency in the past three months, after Group-of-20 nations refrained from criticizing Japanese policies driving the decline.

Japan's currency approached the weakest since May 2010 versus the dollar as Morgan Stanley said the final G-20 communique released in Moscow fell short of last week's Group- of-Seven statement and means recent trends in currencies may resume. The pound dropped to a seven-month low after Bank of England policy maker Martin Weale said its decline may bolster exports. The euro fell as European Central Bank President Mario Draghi said the economy worsened at...keep reading.

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