28/5/2008 - the current market sentiment |
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Today's US durable goods data of April could add to the greenback gains across the broad after the oil prices have eased lowering the pressure on the greenback and the stagflation threats. The gold has dragged down below 900 versus the greenback. April durable goods excluding transports have risen by 2.5% and the broad figure has declined by just .5% and the market was expecting a decline by 1%. The greenback selling has eased recently as there were no new reasons to send it triggering a
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