23/4/2008 - The Current Market Sentiment |
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The greenback is still under pressure as the interest rate outlook differential is still weighed on it. The single currency could have a new record at 1.6014 versus the greenback as expected on the fear of persisting inflation pressure can call the ECB to hike interest rate instead of a cut as what was expected earlier in the beginning of this year as the crediting crisis and the expectation of slowing down in demand and lower rates of growth. The ECB has joined the FED and BOE injecting funds
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