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Dollar Supported by China's Tightening

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 13, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The dollar rose on Friday after the People's Bank of China surprised the markets by announcing further tightening of its monetary stance by raising banks' reserve requirement by 50 basis points to 16.50% for large banks on February 25, the second increase this year. US retail sales climbed more than...

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