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Foreign Exchange Market Daily Update

Discussion in 'Fundamental Analysis' started by ActionForex.com, Feb 29, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The US dollar weakened against a basket of currencies. The Chicago Purchasing Managers Data came in at 44.5 versus the expected 50 for February, which is the worst since December 2001. With expectations of aggressive rate cuts to come, the dollar came under pressure as concerns over the health of...

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