8.20.2008

USD Rise Again

Crude Rises on hurricane fears in the US, Dollar rises after yesterdays data-led correction
News and Events:
US Housing starts initiated a Dollar correction against majors yesterday, while hurricane fears in the U.S pushed Crude higher. Gold rose above $810/o.z on both strong demand and dollar slump. Today's trading to be influenced by continued dollar strength and news from Canada on retail sales and leading indicators.

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