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Monday, June 19, 2006

Markets To Watch Today

Foreign Exchange: The currency markets expect to be calm this week while traders prepare for the Federal Reserve's interest rate decision at the end of June. The Dollar has remained steady recently in spite of inflationary talks recently by Fed officials for the better part of June. However, the Dollar is starting to show signs of eroding. Commodity prices stabilizing and global stocks rebounding are said to be factors for the Dollar pullback. Front Month September Dollar contracts closed on Friday down $0.12, at $85.52.