Hawkish ECB Talk Helps Euro |
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Hawkish ECB Talk Helps Euro The dollar traded mixed Wednesday after US durable-goods orders unexpectedly advanced in July and oil prices rose for a third day as Tropical Storm Gustav is moving toward production platforms in the Gulf of Mexico. The yen was little changed despite higher US stock prices. The euro rose on hawkish ECB comments. Sterling continued its decline following yesterday’s important break of support at the 1.85-handle. The Canadian and Australian dollars were little changed.
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