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Monday, June 05, 2006

The CHF/JPY: Approaching Highs

The Dollar is entering the new week under pressure, following on Friday's soft jobs report. Some confrontational rhetoric with Iran over the weekend is not helping matters, and has boosted crude futures in electronic trading. This week the ECB will be meeting on Thursday and is widely expected to raise rates, possibly by 50 basis points, in response to growth in industrial sectors. The Bank of England's MPC is also meeting this week, although no change is expected. In terms of U.S. data, the April trade deficit is due for release on Friday. Read More....