6/5/2008 - the current market sentiment |
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In spite of Trichet's comments yesterday that The Global Inflation Risks Are Significant, There is no time for complacency for central banks in any respect, There are significant upward risks to inflation globally, and central banks must do their utmost to anchor people's inflation expectations, there was no change in the currency market which is fully priced on these inflation upside risks currently which is need to be contained in a time of sluggish growth. The single currency is still
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