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Tuesday, December 13, 2005

Just A Reminder: The 6-month USD/CAD

The Dollar is a bit stronger today, heading into a Fed day. Although retail sales figures came in soft (up 0.3% in November, down 0.3% excluding autos), the market will be waiting for to hear the Fed's latest prognosis. The rate increase is essentially a given, and will bring the Fed funds rate to 4.25%. Currently, futures markets are pricing in a 100% likelihood for another .25% rise in January. Read More....