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Thursday, October 19, 2006

Dollar retraced most of its gains.

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The dollar has retraced most of its gains made on the back of news that weekly jobless claims fell by 10,000 to 299,000 and to their lowest level since July. The greenback had strengthened modestly against the euro on the back of the data but has since largely given back its gains.
Dollar Weakness is helping precious Metals,
However Market also waits for Philly Fed

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