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Day: June 4, 2008
June 42008
Dollar Tries to Keep Yesterday Gains
Dollar is still trying to hold its yesterday gains against euro, as it can benefit from the fundamental indicators released today in U.S. EUR/USD rose only from 1.5433 to 1.5449 today after losing more than 100 pips yesterday. Productivity in the nonfarm business sector grew at 2.6% annually and seasonally adjusted rate in the first quarter of 2008 slightly better than the preliminary estimate (2.5%). ISM services (non-manufacturing) […]
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June 42008
Australian Dollar Gains on Higher GDP
The Australian dollar benefited today from the better than expected first quarter GDP growth as the Reserve Bank of Australia may start considering interest rate hikes again. The gross domestic product grew 0.6 percent in the first quarter of 2008 in Australia, following fourth quarter 0.7 percent increase and surpassing the median experts estimate value of 0.3 percent gain. In the year-to-year comparison GDP grew 3.6 percent […]
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