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Dollar Bulls Run On Hawkish FED Comments

Discussion in 'Fundamental Analysis' started by ActionForex.com, Jul 22, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    U.S. Dollar Trading (USD) came under selling pressure early in the European session as stocks turned negative and Wachovia Bank reported a record loss. The rebound and subsequent rally in the USD was spurred buy a combination of Treasury's Paulson strong Dollar comments and FED's Plosser stating that ‘interest rate...

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