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Tuesday, August 08, 2006

US Data were higher than expected.......

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The US Figures were both higher than expected and showing a healthy business sector in the US struggling a bit with higher labor costs.
The figures combined could be regarded as slightly supportive of the US rate outlook and basicaly confirm that the FED is on the right track with higher rates.

Especially the high Unit Labor costs might have a slightly hawkish effect on the FOMC meeting tonight.

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