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Wednesday, August 02, 2006

Is the AUD/JPY Turning Bullish?

The Dollar was soft yesterday, despite a strong ISM manufacturing index, which rose to 54.7 for July. Construction spending was also up 0.3% in June. One would have thought that such news would have increased the likelihood of an August rate hike, which it did, but even still, the Dollar slumped. Read More....