29/5/2008 - the current market sentiment |
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The greenback is still finding support from the US durable goods data of April after the oil prices have eased lower this week lightening 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% and we wait today for the release of US GDP Q1 which is expected to be 1% with core PCE at
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