19/5/2008 - the current market sentiment |
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The greenback was under a strong selling after 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 last Friday. The disappointing consuming sentiment figure has offset The US housing starts which increased to 947k in April from1032k in March and also the building permits increased from 920k to 978k. The greenback was underpinned recently as the easing cycle
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