4/8/2008 - The Current Market Sentiment |
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The greenback is still keeping pressure across the broad after last week better than expected release of US non- farm pay roll of July which came at -51k versus the market expectations of -65k. The data kept the single currency which suffered from the release of manufacturing PMI at 47.4 in July after a flash reading at 47.5 and 49.2 in June under 1.56 versus the greenback. The manufacturing data have come after series of weak EU data like the recent IFO weak figures which have shown a
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