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Friday, August 18, 2006

USD Mixed ahead of U. of Michigan Confiden

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The USD is mixed ahead of the latest US Michigan confidence data, which some fear has downside risks due to recent weakness in the US labor and housing markets. The EUR is a little higher at $1.2835 after Germany reported strong PPI numbers for last month. The USD is a tad lower at Y115.91 with the market wary of a report that North Korea is planning an underground nuclear test. The GBP is down marginally at $1.8838

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