ECB focus on inflation as Oil surge to fresh record high $ 122.31 |
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News and Events: The Dollar edged lower against Euro and Yen on Tuesday, its second straight daily decline, after a bigger-than-expected quarterly loss at Fannie Mae suggested more financial market turmoil ahead. Fannie Mae posted a $2.19B loss in the first quarter as the housing market took a turn for the worse. Analysts said that was worrisome for the Dollar because it suggested problems in the troubled US housing sector have yet to work their way through the economy. Should those problems
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