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FX Markets are Adrift
The Forex Market remained constrained as balanced news has held back any significant directional bets. Some have pointed out that yesterday’s hawkish comments by ECB President Trichet was the basis for why the EURUSD rallied off the 1.4022 low. However, this is not the first time he has sounded resolute on raising rates in April. Trichet stated that inflation rates are durably above the ECB’s... ...More...
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