25/4/2008 - The Current Market Sentiment |
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The greenback is still holding its gains across the broad after the increased the anticipation that we are at a close end of the Fed's interest rates cuts cycle. This monetary easing cycle has started last September putting pressure on the greenback making the US assets less attractive increasing the liquidity which is seriously needed by the financial market which has had huge loses in US, UK and EU too because of the credit problems which triggered by the loses of the sub-prime mortgage bad
Filed under: Technical
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