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Day: May 14, 2008
May 142008
April CPI Disappoints Dollar Bulls
While the April CPI report was expected by many Forex traders to improve the dollar positions and helped greenback gain before the actual release, disappointing CPI reading pushed EUR/USD up from its daily lows and its now trading almost without any loss (1.5459 currently with an open rate at 1.5465). CPI (all items) was at 0.2% in April thats below the March value (0.3%) and […]
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May 142008
Dollar Extends Gain on CPI Expectations
The U.S. dollar extended its gain against other major currencies on Forex today as the investors expect higher April CPI figures from the report that will be released today at 12:30 GMT. Dollar is now growing for a second day after the weak fundamental indicators were ignored yesterday and the traders reacted on the elevated export and import prices growth. Market participants expect […]
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