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Day: August 19, 2008
August 192008
EUR/USD Continues Falling on High PPI in U.S.
EUR/USD declined today for the fourth day as the producer price index was reported at a higher than expected level in the United States. Even the worsening of the housing market failed to press on the U.S. dollar today. Building permits were at 937k in July down from 1,138k in June (revised up from 1,091k). They were expected to fall to 959k annual rate. There were 965k Building […]
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August 192008
Pound Falls Against Dollar and Euro
The Great Britain pound fell almost to its recent 2-year low against the U.S. dollar today as the member of the Bank of England monetary policy committee forecasted that the inflation will become less of a problem by the end of 2009. The pound is currently dropping for the 13th day in a row — the longest losing streak since 1971. According to Tim Besley of BoE, the food […]
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