2/5/2008 - The Current Market Sentiment |
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the greenback has got support by an increased possibility that the worst has come to the financial market because of the credit crunch which triggered by the slump of the housing market and sub-prime mortgage bad loans. The greenback which has had a cut by just .25% earlier this week giving the market the messages that there are less fed's worries about the growth than before. Yes, it has left the door opened for further cuts but there can be a hold and this was not priced in the market before
Filed under: Technical
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