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Monday, August 14, 2006

The Dollar Was Firm Overnight

The Dollar was firm overnight, and now we head into another week that looks to be dominated by the current state of inflation. Key inflation data is due in the U.S., euro-zone, and UK this week and currency traders will be paying close attention. Since inflation is the key concern for central banks, and central banks set interest rates, and interest rates attract yield-hungry investors, these numbers are, in a sense, the first link in the chain. Read More....