The Dollar fell to its lowest level in 15 months against the EUR and a basket of other major currencies Wednesday as concerns about Dubai's debt problems faded adding to demand for higher-yielding assets. Government-related Dubai World said it began talks with banks to restructure $26 billion of debt. The holding company is seeking to delay payments on less than half its $59 billion of obligations, easing concern a potential default may set back the global financial system's recovery from the credit crisis.

Forex Market Trends

 EUR/USDGBP/USDUSD/JPYUSD/CHFAUD/USDEUR/GBP
Daily Trend

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Weekly Trend

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Resistance1.51701.667587.801.00600.93600.9170
 1.51501.665587.601.00400.93400.9150
 1.51201.662587.301.00100.93100.9120
Support1.50601.656586.700.99500.92500.9060
 1.50301.653586.400.99200.92200.9030
 1.50101.651586.200.99000.92000.9010