07/22/08 - Daily Forex Market News from cmsfx.com
Comments from US Officials Boost Dollar, Falling Oil Help Too
Tuesday, July 22nd, 2008
Comments from Philadelphia Fed Governor Plosser were hawkish calling for an interest rate increase "sooner rather than later" as he is concerned about high inflation. Oil fell and Treasury Sec. Paulson said a deal to help Fannie Mae and Freddie Mac should pass through congress this week. The Dollar rallied in NY trading.
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