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Thursday, August 17, 2006

Dollar Falls, Still hurt by CPI

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The USD remains under pressure as the market continues to look for the Fed to keep rates unchanged for now after Wednesday's weaker than expected consumer price data. New figures later Thursday are unlikely to shift the negative sentiment. The EUR is up at $1.2864 while the GBP is up at $1.8983. The USD falls to Y115.33.

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