New York Session |
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The USD was bid against the majors as concerns about Hurricane Gustav's impact on oil prices were assuaged when the International Energy Agency said it would use strategic inventories if the storm should impact production in the Gulf. Oil made a high of $120.50 in early NY trading before easing off towards a close near $115.50 on the IEA news. US economic data came in on the positive side as well. The second take on 2Q GDP registered a robust 3.3% after an advance print of
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