11/6/2008 - the current market sentiment |
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The single currency has found footing today as the greenback has retraced some of its gains today after this week rally from 1.5835 to 1.454 after Bernanke comments that the growth downside risks have diminished over the past month or so and the fed now will strongly resist an erosion of longer-term inflation expectations which increase the market expectations of hiking interest rate later this year for tackling inflation pushing the greenback higher across the broad and there can be ongoing
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