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Dollar still plagued by US data; UK inflation to trigger rate cut

Despite the recent strength of the dollar off its lows, US economic data continues to plague the greenback as traders look forward to much anticipated ISM manufacturing and Non-Farm Payrolls on Friday. There will be particular focus on Fed Chairman Bernanke testifying before the congressional Joint Economic Committee on Wednesday. Traders will listen on the Chairman’s view of the economy as well…

Original post by James Brandt

This entry was posted on Monday, March 31st, 2008 at 6:00 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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