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Monday, August 14, 2006

FX Closing Comments

The Dollar up just slightly today, in a day that had most FX pairs sticking to tight ranges. The key theme for the week will be inflation data and this morning we learned that both Germany and the eurozone generally were growing faster than expected at 2.4% annually. Tomorrow will see producer price data for the US., which is expected at .5%. The more important core CPI figure is due on Wednesday. UK consumer prices are also due tomorrow.