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Old 03-21-2008, 01:55 PM
FXdudy FXdudy is offline
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USD

USD has completed the consolidation on Thursday (which is a technical correction) after a long decline. However, despite long decline and the high rate of other currencies against the dollar, it is expected that USD will continue to decline for some time. Inflationary data in the United States remains modest, which allow the discount rate cut to 2% as minimum for the maintenance of growth, but in the future this step will cause hyper-inflation, for deterrence of whitch it will be necessary to raise rates quickly up to 10%.
For financial markets today is not of interest, as most of the countries celebrate Good Friday, which will result in lack of news.


Last edited by PipDiddy : 03-23-2008 at 05:01 PM. Reason: Link Violation
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