GO Markets - FX Market Commentary

By Chris Gore
18 March 2010 @ 06:51 pm EDT

US Dollar strength dictated global currency markets overnight which saw the greenback propped up by speculation the Fed may lift the discount rate for the second time this year. We had mixed economic feedback from the States with the US Consumer Price Index remaining unchanged in February, against predictions of 1.0 percent growth. This represents an annual inflation rate of 2.1 percent.

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