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Thursday, June 08, 2006

FX Markets Jumping This Morning On News of Capture of Terrorist

FX markets are jumping this morning on news of the capture of wanted terrorist Abu Musab al-Zarqawi. The "euphoria" reaction has prompted a nice bull run in the Dollar. The Dollar's drive is drawing additional support from the ECB, which decided to raise the repo rate by 25bps, and not shock the market with the 50bp move. Read More....