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Forex Market Update
Published by InformedTrades
08-14-2008



Default Forex Market Update
Forex Market Update


Bottom drops out of GBP after dovish BoE report. Consolidation of USD strength so far very modest as USDJPY bounces from big support.

Carry trades finally bounce a bit on oil price surge and rise in bond yields. Oil and geopolitics should be back on the radar with renewed US-Russia confrontation over Georgia.


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