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Thursday, February 15, 2007

Euro Rides Strong

The Euro rode strong Euro-Zone GDP reports and neutral comments from US Federal Reserve Chairman Bernanke to a huge day yesterday. Traders were trying to read between the lines, looking for the Chairman to signal that another rate hike is scheduled for the near-term, but Bernanke instead took a more moderate stance on inflation and implied that no rate hike was warranted for the foreseeable future. Read More.....