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Oil Prices Ease But Inflation Remains
Risk aversion let up slightly during the Asian session providing some relief to regional stock markets and allowing risk-correlated FX trades to gain some ground. EURUSD traded between 1.3785-1.3830 while USDJPY traded to 81.65- 82.10, moving on a less negative CPI number release. The oil market has fully priced in Libya’s nearly 2 million barrel/day oil supply as offline - but barring further... ...More...
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Last edited by Mapoth; 03-24-2011 at 06:50 AM.
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