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European, Britain, Australian and New Zealand Central Banks rate announcements this w

Discussion in 'Forex Daily News & Outlook' started by prav, Jun 4, 2007.

  1. prav

    prav Moderator
    Staff Member

    Apr 28, 2007
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    The Dollar rose to a seven-week high against the Euro on Friday, as strong US jobs and manufacturing lowered expectations of a Federal Reserve interest rate cut this year. This week's US economic data, led by the April International Trade Balance report and ISM's US services survey, are expected to offer little market influence. The market focus will now shift to a series of Central Bank policy meetings this week. The European Central Bank is widely expected to lift interest rates to 4% from the current 3.75% on Wednesday. Central Banks in Britain, Australia and New Zealand will also make rate announcements later this week, with the market expecting all of them to hold interest rates unchanged this time.


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