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Sunday, July 02, 2006

US Dollar Mixed in Sydney morning Ahead of US holiday; FED Pause Weighs

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The US Dollar was mixed against the euro and yen in Sydney in thin trading ahead of the US holiday on Tuesday, dealers said.

But they said, the US Dollar is expected to weaken over the trading week on the increasing likelihood of a Federal Reserve interest rake hike pause in August.

Gold, Silver is in Favour for a Bull run

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