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Tuesday, August 15, 2006

AUD/USD: Two-Week Range

From this morning's vantage point, it seems that Fed predictions are proving true. U.S. growth and, in turn, inflation pressures seem to be decreasing. Yesterday we learned that eurozone growth had surpassed that of the U.S. for the first time in over 6 years, which strengthens the view that the ECB will continue to hike rates in the coming months. In the medium term, however, the picture becomes cloudier. Read More....