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Friday, May 19, 2006

USD/CHF: Pulling Back From Lows

The Dollar started the U.S. session in a rallying mood, though trade is likely to be choppy in the absence of any data. In terms of yesterday's data, it was mixed, with the Philly Fed survey up to 14.4 and the ISM leading indicators were reported softer than expected. Weekly jobless claims spiked higher to 361k. Read More....