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Thursday, December 15, 2005

The 6 Hour EUR/USD....A Firmer Euro?

The first number hitting the market this morning was November's CPI, which was down 0.6%. The "headline" centers on the fact that it is the biggest one-month drop in 56 years, going all the way back to July 1946. The story, however, is not that important, given that the steep drop reflects a fall from exceptionally high gasoline prices in the prior month. Read More....