16/5/2008 - the current market sentiment |
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The decline of the US consuming sentiment survey of US UN Michigan to its lowest level since 1980 at 59.5 could offset the US housing starts rise by 8.2% which is the highest rate in 2 year. The US housing starts increased to 947k in April from 1032k in March and also the building permits increased from 920k to 978k. The greenback has risen after the surprising overshooting housing figures but the disappointing consuming sentiment figure has brought back the soft tone to the greenback
Filed under: Technical
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