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US Dollar extends losses even with supporting US CPI results.


The USD extended losses on Wednesday after a higher-than-expected reading of U.S. inflation for May did little to dispel uncertainty about interest rate increases beyond an expected hike in late June.

After seven consecutive sessions of gains in the dollar against the Euro, traders trimmed their positions after the Consumer Price Index data cemented the chances of a June Fed rate hike but shed little light on policy moves beyond that.
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Posted June 14th, 2006 by Jon
Posted in Forex News | No Comments »


 
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