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Tuesday, January 10, 2006

Dollar Is Rebounding This Morning

The Dollar is rebounding this morning, after some earlier softness in the European session. The surge/blip of Euro optimism came from three sources: comments from ECB President Jean-Claude Trichet (optimistic about global growth in 2006); German ZEW index (up strong at 71, implying strong sentiment); French industrial production (up 3.1% for November, big surprise jump). Read More....