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Starting the day
Posted on June 25, 2008
Good morning! Welcome to a new day in forex market. The day has come, and today s FED s policy statement (expected to keep rates unchanged after seven consecutive cuts), could finally break the delicate balance majors are experiencing these last days, as the battle between inflation and growth in the U.S. will probably have a winner today (but remember: it s just a battle not the war). Anyway, greenback remains weak all across the board, as market players awaits for the true: is the FED worried about growth or inflationary pressures? If growth, rates should remain unchanged for a long ti...
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