16/6/2008 - the current market sentiment |
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No new statement from the G8 finance ministers concerning the greenback depreciated value and its impact on the global inflation upside risks currently have disappointed the greenback which has had another hit from today's weak NY June manufacturing index which came negatively by 8.68 and the market was expecting just -1.5. The treasury secretary Paulsen's comments have helped the greenback when he said that he would never take FX intervention off the table and the market was waiting for
Filed under: Technical
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