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Friday, June 16, 2006

USD/CHF: Unmoved By Rate Move

The Dollar was essentially sideways during the U.S. session with the June Dollar index ending the day -9 at 86.06. The biggest "new negative" today was the soft capital inflow data from the Treasury, which noted only $42.7b in net foreign inflows in April. This figure was substantially less then the $63.4 trade deficit for the month. Read More....