16/7/2008 - the current market sentiment |
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The greenback could have support from the Oil prices easing lower than 140$ per barrel. The US CPI data has come higher than the market expectations showing strong inflation upside risks in US in this same time of struggling growth. US CPI June y/y came at 5% and the market was expecting 4.5% and the core figure which excludes the food and energy has come at 2.4% and the market was waiting for 2.3%. The data can add more gains to the greenback as it shows the increased inflation pressure on
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