US government comes to the aid of the dollar |
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Highlights Bernanke sees downside risks to growth diminishing, and inflation risks increasing ECB dampens interest rate hike speculation; no series of rate hikes on the cards Dollar on the road to recovery Speculation about interest rate hikes in the eurozone, weak US labour market and trade data, and clear signs that the credit crisis is still far from over for US banks pushed EUR-USD over 1.58 at the end of last week and the beginning of this week. During the course of the week, however,
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