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Tuesday, March 21, 2006

FX Closing Comments

Dollar sentiment remained bullish through the day, largely in response to hawkish comments from Fed Chairman Ben Bernanke last night. The PPI data from this morning was mixed with the headline number falling (due to slipping fuel and food prices) and the core number rising moderately by .3% over the previous month. Early tomorrow we'll receive the last BofE minutes, as well as euzo-zone industrial production and trade figures.