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Friday, April 28, 2006

Markets To Watch Today

The Dollar finished of a tough week under additional pressure. The market now feels assured that precious few rate increases remain for the Dollar. Despite the robust data early on, a lack of rate support, combined with structural trade imbalances, a pessimistic Fed chairman, and a escalating dispute with Iran seem to have been too much for the greenback this week. Keep in mind that Monday is a holiday throughout Europe, and as such, volumes may be light.